Royal Palm Companies Secure $86 Million Financing for Tuscany Village

In a significant stride towards expanding quality residential options in Orlando, Royal Palm Companies led by Dan Kodsi and the Mattoni Group proudly announce the securing of an $86 million construction financing loan and the launch of Tuscany Village, a sprawling 420-unit multifamily complex set to enhance the Sanford area.

Strategically located at the southwest corner of State Road 46 and Upsala Road, Tuscany Village is poised to become a cornerstone community within Sanford, spanning 21 acres with seven four-story buildings. With construction slated to commence in the coming weeks and phased completion expected by 2026, the project is primed to transform the local residential landscape.

The acquisition of the development site at 4201 West First Street in June for $12.7 million laid the foundation for this ambitious venture. Financing for Tuscany Village has been secured through a partnership with City National Bank and Abanca USA, contributing $68 million in loans, and Origin Investments, providing $18 million in preferred equity. Notably, these financial arrangements feature floating interest rates without a rate cap, reflecting confidence in the project despite current economic uncertainties.

Royal Palm Companies, renowned for its innovative approach to real estate development since its inception in 1978, boasts a portfolio of $4.7 billion in developed, repositioned, and under-construction projects, including over 9,500 completed residential units. The collaboration with the Mattoni Group underscores the significance of Tuscany Village, leveraging their combined expertise to ensure the delivery of a top-tier residential community.

Despite challenges such as elevated interest rates, insurance premiums, and regional specifics like high concrete costs in South Florida, the decision to proceed with Tuscany Village reflects the unwavering commitment of Royal Palm and Mattoni Group to innovation, quality, and meeting the evolving needs of Florida's residents.

More than just a development project, Tuscany Village represents a future home for hundreds of families and individuals, meticulously designed to foster a vibrant and connected community. Royal Palm Companies and Mattoni Group are dedicated to bringing this vision to life, positively impacting the Sanford region and the broader Florida housing market.

How much does pet rent cost in Florida in 2024?

As pet ownership continues to rise globally, so does the demand for pet-friendly rental accommodations. Are you considering moving to the Sunshine State with your furry friend in tow? If so, you might be wondering about the extra costs associated with renting a pet-friendly apartment or house. As of 2024, pet rent remains a topic of interest for many prospective renters in Florida. Let's delve into the details and explore how much pet rent costs in the state this year.

Understanding Pet Rent

First things first, what exactly is pet rent? Pet rent is an additional monthly fee charged by landlords or property management companies to tenants who own pets. This fee is in addition to the base rent and is intended to cover any potential damages or extra maintenance costs associated with allowing pets on the premises.

Factors Affecting Pet Rent

Several factors influence the cost of pet rent. Additionally, in competitive rental markets where pet-friendly housing is scarce, landlords may charge higher pet rent to capitalize on the demand. Here are some key factors that play a role:

• Location: The location of the rental property within Florida is a significant determinant of pet rent. Urban areas and popular neighborhoods tend to have higher demand for pet-friendly housing, which can drive up pet rent prices. Cities like Miami, Orlando, and Tampa typically command higher pet rents compared to rural areas.

• Property Type: The type of rental property also affects pet rent. Apartment complexes, condominiums, and single-family homes may have different pet rent structures. For instance, apartment buildings with amenities such as dog parks or pet spas may charge higher pet rents to cover the cost of maintaining these facilities.

• Size and Type of Pet: Landlords often consider the size and breed of the pet when determining pet rent. Larger dogs or breeds perceived as more aggressive may be subject to higher pet rents due to potential concerns about property damage or liability. Additionally, some landlords may impose restrictions on certain breeds or limit the number of pets allowed per unit.

• Local Regulations: Municipal or county ordinances can influence the legality and extent of pet-related fees, including pet rent. While Florida state law does not specifically regulate pet rent, local jurisdictions may have their own regulations governing pet-related fees. Renters should familiarize themselves with local ordinances and ensure that any pet-related charges comply with applicable laws.

• Market Demand: Market demand for pet-friendly housing can also impact pet rent prices. In areas with limited pet-friendly options and high demand from pet-owning renters, landlords may be able to command higher pet rents. Conversely, in areas with abundant pet-friendly housing options, landlords may offer competitive pet rent rates to attract tenants.

• Property Amenities: The amenities offered by the rental property can influence pet rent. Properties with pet-friendly amenities such as fenced-in yards, pet washing stations, or nearby pet-friendly parks may justify higher pet rents due to the added value these amenities provide to pet-owning tenants.

Average Pet Rent in Florida

As of 2024, the average pet rent in Florida typically ranges from $20 to $50 per month per pet. However, it's essential to note that this is just an average, and actual costs can vary significantly based on the factors mentioned above.

In cities like Miami, Orlando, and Tampa, where rental markets are competitive and pet-friendly accommodations are in demand, pet rents tend to be on the higher end of the spectrum. Conversely, in smaller towns or rural areas, pet rents may be lower due to less demand for pet-friendly housing.

Tips for Renters with Pets

If you're a pet owner searching for a rental property in Florida, here are some tips to help you navigate the process:

• Start Early: Begin your search well in advance to find pet-friendly options that suit your needs and budget.

• Read the Lease Carefully: Make sure to thoroughly review the lease agreement, including any clauses related to pets, pet deposits, and pet rent.

• Be Honest About Your Pet: Provide accurate information about your pet to the landlord or property manager, including size, breed, and temperament.

• Negotiate if Possible: If you find a property you love but feel the pet rent is too high, consider negotiating with the landlord to see if they're willing to lower the fee.

• Consider Pet-Friendly Communities: Look for rental communities or complexes that cater specifically to pet owners, as they may offer amenities and policies more conducive to pet-friendly living.

Pet Insurance in Florida

Amid discussions about pet rent, it's essential to touch on the significance of pet insurance in Florida. Pet insurance helps offset the costs of unexpected veterinary bills in case your furry companion falls ill or gets injured. In Florida, where weather conditions can pose unique risks to pets, such as hurricanes or heat-related illnesses, having pet insurance can provide peace of mind to pet owners. From routine check-ups to emergency surgeries, pet insurance ensures that your pet receives the necessary medical care without causing financial strain.

Conclusion

Pet rent is a common practice in the rental market, aimed at offsetting the potential risks and costs associated with allowing pets on the property. While the cost of pet rent in 2024 can vary depending on various factors, pet owners can take proactive steps to negotiate favorable terms with their landlords. By understanding the factors influencing pet rent and advocating for their furry companions, pet owners can find suitable and affordable housing options that accommodate their entire family.

Swire Properties Launches Sales of The Residences at Mandarin Oriental, Miami

Swire Properties, Inc. has officially launched sales at The Residences at Mandarin Oriental, Miami, part of an unparalleled residential and hospitality destination set within a secluded island sanctuary moments from Miami’s vibrant core. Located on Brickell Key, the development will feature two architecturally iconic towers connected by an expansive landscaped podium with more than 80,000 square feet of indoor and outdoor amenities. The South Tower will feature The Residences at Mandarin Oriental, Miami, while The North Tower will feature what is destined to be the new North American flagship Mandarin Oriental hotel, along with additional Residences for purchase. Offering unobstructed, panoramic views of Biscayne Bay and the dynamic Miami cityscape, it will be one of Swire Properties’ crowning achievements in its portfolio of world-class properties and a defining landmark on the Miami skyline. The permanent sales gallery will open in the summer, with new details to be unveiled for The North Tower, which will launch sales later this year. Construction is expected to begin in 2025 with occupancy from 2029.

The South Tower is the first of the two towers to come to market and features several ultra-luxury homes, including a $100 million duplex penthouse that could be sold as a single residence or divided into two marquee homes. Spanning 23,000 square feet, this one-of-a-kind duplex penthouse is located at the apex of The South Tower. It features 16,000 square feet of interior space and 7,000 square feet of private outdoor space, including one of Miami’s highest private infinity pools. Other residences coming to market include 2-bedrooms starting at $4.9 million, 3-bedrooms starting at $5.8 million, 4-bedrooms starting at $10.5 million, and 5-bedrooms starting at $17.5 million. The Residences represent the last opportunity to purchase a new home on Brickell Key. Fortune Development Sales is exclusively handling sales.

“Launching sales at The Residences at Mandarin Oriental, Miami, is a monumental event for us. We are excited to unveil the full scope of the project and share details of the incredible Miami lifestyle that can only be offered here,” said Henry Bott, President of Swire Properties. “The development is a showcase of our continued commitment to the neighborhood, which started 40 years ago when we conceived Brickell Key. We are thrilled to bring these ultra-luxury residences to market along with what is positioned to be Mandarin Oriental’s North American flagship hotel, which, combined with the ongoing success of our Brickell City Centre development, will establish the Brickell neighborhood as one of the most vibrant destinations in South Florida.”

The 66-story South Tower is designed by world-renowned architecture firm Kohn Pedersen Fox (KPF). Rising 850 feet, it is situated on the southernmost tip of Brickell Key, offering unobstructed panoramic views of Biscayne Bay and the dynamic Miami skyline. It will feature 228 two- to five-bedroom private homes that offer the utmost luxury for residents, with interiors by acclaimed Parisian designer Tristan Auer. Each residence has private elevator access, and gracious interior space measuring up to 5,800 square feet with 11-foot ceilings throughout. Extraordinary views are framed by floor-to-ceiling glass sliding doors that open onto expansive private terraces, the depths of which are not typically found in the Miami market. Each kitchen will feature custom Italian cabinetry by Molteni&C, Dornbracht fixtures, state-of-the-art Gaggenau appliances, and design selections available for buyers to customize their countertops, backsplashes, and cabinetry finishes. Primary bathrooms will feel like private spas with handcrafted stone vanities, marble floors, Dornbracht fixtures, and Duravit soaking tubs and shower heads. Select residences will also include a private sauna.

“The Residences at Mandarin Oriental, Miami, is an unparalleled luxury residential offering that will attract buyers seeking a refined lifestyle in one of the most sought-after residential locations in South Florida,” said Edgardo Defortuna, President and CEO of Fortune International Group. “Swire Properties’ longstanding commitment to the Brickell neighborhood is paired with legendary Mandarin Oriental service and an unmatched collection of amenities. The attention to detail is evident throughout the property, from the thoughtfully chosen finishes to the visionary exteriors. Our team has already been impressed by the high level of interest in The Residences and we are excited to bring the development to market.”

The North Tower is also designed by Kohn Pedersen Fox and will feature what is destined to be the new North American flagship Mandarin Oriental hotel with 121 keys, a signature Spa at Mandarin Oriental, and multiple intimate fine-dining and al fresco restaurants. Rising 426 feet, The North Tower will also offer an additional 66 private residences and 28 hotel residences that will launch sales later this year. The hotel and residences will feature interiors by AD100 Parisienne designer Laura Gonzalez.

“We are delighted to be writing a new chapter of Mandarin Oriental's sought-after hospitality in Miami and strengthening our partnership with Swire Properties,” said Laurent Kleitman, Group Chief Executive of Mandarin Oriental. “We have been very fortunate to have a hotel presence in the city for more than 20 years, and it has become a property that is genuinely embraced by our guests. As we continue on this journey with Swire, we are excited to bring a new standard of luxury living with The Residences at Mandarin Oriental, Miami.”

Crowning the South Tower will be the remarkable $100 million penthouse, which is being offered as a duplex residence or can be sold as two individual penthouses. The combined duplex penthouse will offer a total of 23,000 square feet of space, including 16,000 square feet of interior space and 7,000 square feet of private outdoor space. Situated 780 feet above the ocean, the exclusive home features interiors by Tristan Auer, who has selected the most exquisite finishes throughout. Its bespoke floor plan offers the ultimate experience in elevated living and striking design details, including 30-foot-high ceilings in select areas on both floors, unrivaled views of the water and Miami city skyline, and a stunning spiral staircase. The penthouse’s private outdoor space creates an indoor and outdoor lifestyle unlike any other property in Miami. It includes one of Miami’s highest private infinity pools, multiple areas for outdoor dining and entertaining, and a sky cabana, which can be transformed into an additional bedroom or guest room. Finally, with privacy and security being of the utmost importance, the penthouse resident will have access to a private garage with spaces for up to eight vehicles. An adjoining private elevator lobby and elevator will provide direct access to their residence.

Every resident at The Residences at Mandarin Oriental, Miami, will experience exceptional recreational, dining, and wellness amenities across an 80,000-square-foot, lushly landscaped podium with landscaping by Thai firm SHMA. Lifestyle amenities include ten pools with a poolside lounge all serviced by Mandarin Oriental, an immersive hammock forest with a series of gardens nestled within, an art walk featuring rotating exhibitions by selected artists, an indoor golf simulator, a game room with billiards, a private screening lounge, and a children’s club and activity center. Dining amenities include signature fine-dining restaurants within the hotel, a dedicated outdoor dining pavilion for entertaining fitted with a barbecue, a tea pavilion, a stunning glass-encased experiential private dining room with a complete chef’s kitchen surrounded by mesmerizing water views, and a wine cellar. Mandarin Oriental, which has more Forbes Five Star Spas than any other hotel group in the world, will curate an extraordinary collection of wellness offerings such as signature spa treatments, retreats, and curated fitness programming dedicated to wellness and anti-aging. The property will also feature a forest yoga lawn, a tea garden for relaxation, men’s and women’s saunas and a hammam, a wellness pool deck with private cabanas flanked by cold plunge and hot tub, a state-of-the-art fitness center, several multi-use sports courts, and a dog grooming spa. Residents will also have access to shared hotel amenities and concierge services at the adjacent Mandarin Oriental Hotel with more information to be announced.

The Residences at Mandarin Oriental, Miami, represents Swire Properties' commitment to sustainability, resiliency, and mission to become the world's most sustainable developer by 2030. Swire Properties endeavors to achieve net carbon neutrality across its portfolio by implementing a multitude of sustainable design strategies. At The Residences, the design team adopted a passive design strategy to optimize energy use while maximizing daylight and cross-ventilation for resident comfort and well-being. Extensive plantings at various levels of the building provide heat island reduction and prevent heat absorption of the site. As part of Swire’s wellness pledge, its developments always prioritize the provision of high-quality indoor air for residents. The development also implements air filtration, provides separation between residential units to mitigate air transfer, and prioritizes the selection of low-emitting building materials. Solar panels will offset power consumption and promote renewable energy adoption, while each parking space will be configured for EV charging. Finally, Swire will address climate resiliency through the refurbishment of the surrounding seawall and elevation of the development site to combat sea level rise, along with expanding the Brickell Key Baywalk around the full perimeter of the island, which further reinforces the firm's commitment to placemaking that benefits the entire community. 

First Standalone Four Seasons Branded Residences In Florida Coming to Coconut Grove

South Florida-based real estate development firms CMC Group, led by Ugo Colombo, and Fort Partners, led by Nadim Ashi, together with leading luxury hospitality and branded residential company Four Seasons, have launched sales for the Four Seasons Private Residences Coconut Grove. Set within one of Miami’s most historic neighborhoods and building on the success of Four Seasons’ residential portfolio in South Florida and around the globe, this groundbreaking development will be the first Four Seasons standalone residential offering in Florida. The Four Seasons Private Residences Coconut Grove will rise 20-stories offering 70 residences with sales being handled in-house by CMC Group and Fort Partners.

"Four Seasons is the standard-bearer for luxury around the world and has captivated the real estate market with its leading branded residences,” said Nadim Ashi, CEO of Fort Partners. “We are thrilled to continue our proven relationship with the esteemed brand and forge a new partnership with the highly successful CMC Group on developing this first-of-its-kind offering in the coveted Coconut Grove neighborhood."

A world-class team has been selected to bring the vision to life, with acclaimed Florentine designer Michele Bönan at the helm of the interiors and Miami-based Luis Revuelta crafting the architecture. Four Seasons Private Residences Coconut Grove will offer 70 homes ranging from two- to four-bedrooms spanning up to 3,980 square feet. Four penthouse residences will range from nearly 6,430 to 9,690 square feet. The distinctive property will rise 20 stories, providing residents with unobstructed ocean views overlooking Biscayne Bay. Inspired by Coconut Grove’s beloved landscape, a sanctuary beneath the shade of banyan and mahogany trees, the building’s façade is softly curved to blend into the land’s natural rhythm while creating a defining presence on the skyline.

"With over 35 years of experience, our luxury condos have set the standard in the South Florida market,” said Ugo Colombo, CEO of CMC Group. “Fifteen years ago, CMC Group pioneered luxury living in the Grove with Grovenor House, and now with Four Seasons Coconut Grove, we're raising the bar yet again. By integrating the renowned Four Seasons service, we're not just resetting standards; we're redefining luxury living. Our commitment to quality remains unwavering, ensuring that our buildings continue to be the benchmark for excellence in the industry."

"With our growing standalone residential portfolio, Four Seasons is elevating luxury living for discerning buyers by blending personalized service alongside prime real estate in the best locations worldwide. In a competitive branded residential market like Miami, the trust and credibility of our brand will no doubt drive demand for this exceptional project in Coconut Grove,” says Bart Carnahan, President, Global Business Development, Portfolio Management, and Residential, Four Seasons. “Together with our esteemed partners at Fort and CMC, we look forward to welcoming this spectacular project to our dynamic portfolio of Four Seasons Private Residences across South Florida.”

The spaces designed by Michele Bönan reflect the renowned architect’s signature style, with a blend of timeless elegance and contemporary aesthetics. Bönan creates a cohesive connection between the interiors and the natural beauty of Coconut Grove, with design inspired by the verdant tropics, the ocean and the quintessential charm of Miami. The homes are crafted to be as polished as they are welcoming, exuding a sense of enduring sophistication achieved through classic lines, elegant furnishings and a palette dominated by neutral tones.

“The essence of Coconut Grove and the cultural significance of the location's past, including the gorgeous climate, spectacular views and exceptional quality of life, guided each step of the design process,” shared Michele Bönan. “Whether through design elements influenced by the rhythm of the ocean or patterns created in the sand, we maintained fluidity between the surroundings and the interiors to allow residents to relax and immerse themselves in the atmosphere of the space.”

Homes at Four Seasons Private Residences Coconut Grove will feature nearly 11-foot ceilings complementing the spacious, open floor plans. Custom Italian kitchens designed by Molteni and Michele Bönan Interiors feature top-of-the-line European appliances and finishes, while bathrooms include Italian cabinetry and paneling complemented by Italian marble finishes. Each home will be accessed via private elevator, creating an intimate arrival experience, and will feature the latest in-home automation systems and lighting controls.

Designed to provide a luxurious and intimate residential experience, Four Seasons Private Residences Coconut Grove will offer an extensive amenities collection for residents, including a restaurant, library, state-of-the-art gym and yoga room, spa with cold plunge and hammam, children’s area and private event room, as well as an expansive pool deck and bar lounge serviced by Four Seasons. Residents will also enjoy the benefits of legendary Four Seasons service even without a hotel, including a dedicated Director of Residences, concierge, housekeeping and butler services, in-residence dining, valet and wellness programming, among other offerings.

Four Seasons Private Residences Coconut Grove will reflect the neighborhood’s refined, serene atmosphere, steeped in culture and connectedness. Residents will be in close proximity to the water and situated among the town’s beloved local boutiques, restaurants and some of the nation’s leading schools, creating a close-knit community and well-rounded walkable lifestyle.

The collaboration between CMC Group and Fort Partners is driven by the pair’s shared ambition to elevate the standard of living in a market that is yearning for true world-class real estate and hospitality. CMC Group has for years played a pioneering role in developing Miami’s skyline and reshaping the greater condo market in South Florida, while Fort Partners’ long-standing partnership with Four Seasons includes the development of the iconic Four Seasons Hotel and Residences at The Surf Club, Four Seasons Resort Palm Beach, Four Seasons Hotel and Private Residences Fort Lauderdale and ownership of Four Seasons Hotel Miami. Forthcoming developments under the Four Seasons flag are planned throughout Europe and the United States.

Indian Creek Residences & Yacht Club Sells Second Penthouse Asking $11.25 Million

Just a few months after the record-setting sale of the largest and most expensive penthouse on Miami's Bay Harbor Islands, Indian Creek Residences & Yacht Club has sold its second and final penthouse, a 5-bed, 5-bath and 2-powder room home last asking $11.25 million. Both penthouses have sold to New York-based buyers. Designed by Miami-based architect Kobi Karp with interiors by the acclaimed Zarifi Design, the eight-story waterfront building is home to nine luxury condominiums and six yacht slips, one of the only private yacht clubs in the area. Indian Creek Yacht Club & Residences is being developed by Landau Properties with sales overseen by OFFICIAL Partners. Construction broke ground in February.

Overlooking the uber-wealthy "Billionaire's Bunker" and Indian Creek Country Club, this boutique condo features just 9 homes and a private marina. The full-floor penthouse spans 5,164 square feet and offers 75 feet of unobstructed waterfront views, a private terrace, wine wall, home office, two kitchens and access to the development’s full amenity collection.

Indian Creek Residences & Yacht Club will offer a resort-style amenities package for residents. In addition to the yacht club complete with dockmaster concierge services, the curated amenities include a world-class spa with treatment rooms, state-of-the-art fitness center, outdoor yoga lawn, flexible entertainment lounge with high-fidelity sound system and bar, and landscaped rooftop terrace with a pool, dining area, outdoor kitchen and screening pavilion. The building also offers a full-time doorman, resident concierge and 18 private parking spaces.

Pagani Residences Reveals First Look At Luxe Amenities on Miami's North Bay Village

Pagani, a brand known for exclusivity, “stealth-wealth” characteristics and handcrafted quality, has revealed a first look at the buildings luxurious amenities such as their gym, pool, and spa. The attention to detail prevails, especially throughout the design and functionality of their carefully curated exquisite amenities. Pagani Automobili is a luxury brand renowned for its exquisite quality, unique engineering, and tailor-made handcrafted Hypercars, which stand among the most desired in the world. The interiors are by A++ and curated by Pagani Arte, the newly established Made in Italy interior design division was born from the founder of Pagani Automobili.

Pagani Residences will include an exquisite collection of amenities. On the ground floor residents’ amenities include valet parking and porte-cocheĚre, a pet spa, bicycle, paddleboard and kayak storage, 24/7 security, private garages available for purchase and preferred parking. To take maximum benefit of the stunning peninsula location surrounded by waterfront views, a private residents lounge is ensconced on level eight along with a library, and media room. A collection of wellness amenities awaits residents on level 27 with a state-of-the-art fitness center, advanced cardio training, dedicated Pilates and yoga studios, spa with stunning views of Biscayne Bay, sauna and steam rooms, and private treatment rooms as well as a restorative wellness lounge.

A rooftop pool and sky lounge on level 28 offer stunning 360-degree views of the Atlantic Ocean and Biscayne Bay, poolside cabanas and hot and cold plunges. Fully appointed summer kitchens with chef’s grills complete the package for alfresco, poolside dining.

In March Miami-based developer Riviera Horizons and Italian Hypercar brand Pagani revealed the world's first Pagani Residences, a boutique luxury residential building with interiors designed by Pagani Arte in Miami’s North Bay Village. Completion slated in 2027 with Fortune Development Sales leading sales and marketing for the project. Miami’s first-ever Hypercar branded building, Pagani Residences will offer 70 handcrafted, waterfront residences with prices starting at $2.4 million.

Designed by Miami’s renowned architecture firm Revuelta Architecture International, with interiors curated by Pagani Arte, the newly established Made in Italy interior design division was born from the founder of Pagani Automobili.

Located at 7940 West Drive, North Bay Village, the 28-story, amenity-rich property will feature a 240-foot waterfront boardwalk, private boat slips, and entertainment spaces for 70, all-corner residences. The spacious, two-to-four-bedroom homes range from 2,000 to over 3,300 square feet with expansive outdoor terrace spaces ranging from over 800 to 1,040 square feet, with only four residences per floor, making privacy paramount. Penthouses span from 6,900 square feet with up to 4,400 square feet of outdoor living. Each home will be entirely customized and fully finished with 11-foot ceilings in all residences with waterfront-facing outdoor spaces and 13-foot ceilings in the penthouses with private pools. Owners will enjoy 24/7 concierge service to anticipate every need.

Inside PROFILEconnect 'A Night at The Museum' Real Estate Impact Conference at the Coral Gables Museum

On April 11, 2024, PROFILEmiami hosted PROFILEconnect: A Night at the Museum, the inaugural annual real estate impact conference bringing 3 panels and PROFILEmiami’s highly-regarded Bespoke Real Estate Networking to the iconic Coral Gables Art Museum. PROFILEmiami teamed up with ONEsir, Constellation Group, MG Developer, Banesco and Contempo Space to host a sophisticated afternoon exploring real estate markets, design and development; followed by bespoke networking and enjoying cocktails by E11EVEN Vodka with some of the largest and most active real estate developers, investors and brokers in Miami.

The event was kicked off by a VIP Lunch hosted by Diego Torrealba of MG Developer at Coral Gables hot-spot Zucca. VIP guests enjoyed a chef’s menu alongside active Coral Gables’ developers Eduardo Otaola of Constellation Group, Alirio Torrealba of MG Developer and Diego Torrealba of MG Developer.

Following the lunch attendees gathered at the Coral Gables Museum for the Women in Real Estate Panel, the first of three panels kicking off the speaking component of the event. Vanessa Stabile of ONEsir, Cassie Resnick of Mast Capital, Alicia Lamadrid Paysse of Cervera Real Estate, Katya Demina of PROFILEmiami and Amelia Rodriguez of Banesco discussed how they have navigated their careers as women in the male dominated real estate world. They also discussed how the city has evolved and how they have taken advantage of the growing real estate market to stand apart and advance their careers.

The women’s panel was followed by the Coral Gables Design and Development Panel, which featured Eduardo Otaola of Constellation Group, Diego Torrealba of MG Developer, Raymond Fort of Arquitectonica, Scott Sherman of Torose Equities and Scott Wadler of Berkadia discussed how Coral Gables Mediterranean revival architectural requirements impact development and the valuation of real estate in ‘The City Beautiful.’ Developers Diego Torrealba and Eduardo Otaola touched on how they worked with the Coral Gables design codes to plan projects that enhance the quality of the community while Scott Wadler discussed the differences between Build to Rent vs Build to Sell. Scott Sherman also discussed how companies such as Apple are moving into Coral Gables and bringing their high-paying employees, pushing both residential and commercial rent rates higher.

The afternoon was capped off with The Legends Panel, featuring Edgardo Defortuna of Fortune International Group, Bernardo Forte Brescia of Arquitectonica and Carlos Rosso of Rosso Development. The trio had all previously worked on projects together and discussed their experiences developing the city into the world-class metropolis it is today including projects such as The Ritz-Carlton Residences, Sunny Isles Beach and Miami’s Paraiso District. They also discussed how a quality design and understanding of the buyer is so important to development and the success of a project. They also discussed how they started their own companies and took their brands global. The legends also gave insight on how their was opportunity for aspiring developers to team up with established developers to learn from them before undertaking projects on their own.

Following panels guests gathered outside on the museum veranda for Bespoke Networking and Sunset Cocktails featuring bites from Zucca and cocktails by E11EVEN Vodka. Guests got to network with the panelists as well as other real estate heavyweights such as Alirio Torrealba of MG Developer, Nelson Stabile of Integra Investments, Rainer Viete of Vietmar, Daniel de la Vega of ONEsir, Jose Boschetti of Boschetti Group and Michael Hamaoui of Pagani Residences.

Part of PROFILEmiami’s highly-regarded PROFILEconnect bespoke networking event series, the event brings together Miami’s real estate industry and business professionals to network and connect outside of a traditional business setting. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders as they discuss the industry’s most pressing topics.

FIRST ON PROFILE: OKO Group and Cain International Top Off Bayfront Una Residences in Brickell at 47 Stories

Construction of Brickell’s first waterfront residential development in over a decade, Una Residences, has completed vertical development and “topped off” at 47 stories. The ultra-luxury project, situated at 175 NE 25th Road within Miami’s picturesque and private South Brickell enclave, is being developed by OKO Group and Cain International. Construction is expected to complete in early 2025.

Designed by world-renowned architects Adrian Smith + Gordon Gill (AS+GG), Una Residences comprises 135 spacious condominiums with unobstructed views of the Atlantic Ocean, Key Biscayne, and the Downtown Miami skyline.

The construction milestone comes amidst South Florida’s recent business and wealth migration trend which has driven steady pre-sales to the tower, now nearly sold-out. In 2022, Una’s two upper tri-level penthouses sold for $17.75 million each – a price point which still stands today as the highest recorded condominium sale in Miami’s Brickell submarket. A handful of residences remain available for purchase priced from $4.4 million to $10 million.

“This marks a pivotal moment for our team, as we introduce a one-of-a-kind building to the Brickell City skyline. With its yacht-inspired aesthetics, world-class amenities, and a prime waterfront location, Una Residences offers a luxury living experience unique to the South Florida market. This exceptional combination has enabled the project to command market-leading premiums in Miami and set a new standard for luxury residences in Brickell,” said developers Vlad Doronin, Chairman and CEO of OKO Group, and Jonathan Goldstein, CEO of Cain International, in a joint statement.

Residences range from two- to five-bedroom units measuring between 1,100 to 4,786 square feet. Una’s two ultra-exclusive upper tri-level penthouses measure approximately 7,089 square feet with an additional 2,871 square feet of outdoor terrace and rooftop space, with each residence boasting two private pools, a summer kitchen, sauna, and steam room.

Amenities at the boutique-style tower will complement Miami’s outdoor lifestyle, including a private marina, three swimming pools, a children’s splash-pad area and playroom, a movie theater, a resort-inspired spa and steam room, a state-of-the-art fitness center featuring yoga and personal training facilities, onsite dining, and more. Una’s amenities will also extend beyond the property, as residents will receive exclusive membership to the Grand Bay Club on the beachfront of Miami’s Key Biscayne.

Una Residences is part of an extensive portfolio of best-in-class offerings being delivered across South Florida by OKO Group and Cain International. The portfolio, encompassing both luxury residential and commercial spaces, includes Missoni Baia, a newly delivered luxury condominium in Miami’s Edgewater neighborhood; 830 Brickell, a class A-plus office tower nearing completion in Miami’s Brickell Financial District; and One River, a luxury multifamily tower under construction in Downtown Fort Lauderdale.

Cain International and OKO Group’s partnership further extends to One Beverly Hills, a 17.5-acre mixed-use urban destination master planned by Lord Norman Foster. The development will mark the introduction of Aman’s inaugural urban resort to the West Coast of North America, featuring a limited number of Aman residences, an Aman Hotel, and an exclusive Aman Club.

Separately, OKO Group, the U.S. development firm founded by Aman’s CEO and Chairman Vlad Doronin, is also developing Aman Miami Beach, which encompasses a restored Art Deco hotel and a newly constructed Kengo Kuma-designed Aman-branded residential tower, now under construction along the oceanfront.

Images via GoldenDusk Photography

Related Group and GTIS Partners Reveal Viceroy Brickell

Related Group and GTIS Partners, along with renowned luxury hospitality company Viceroy, have launched sales for Viceroy Brickell - The Residences. Viceroy’s inaugural standalone residential endeavor introduces a fresh infusion of style and allure to Brickell’s global financial hub, with interiors by the award-winning studio Meyer Davis and architecture by the globally renowned Arquitectónica. Construction on Viceroy Brickell is now underway, with completion projected in early 2026. Fortune International Realty is the exclusive sales agency for Viceroy Brickell. The sales launch also marks a major milestone for Viceroy, which was acquired by principals of international hospitality investment and management company Highgate in 2023.

“Miami has emerged as one of the most dynamic cities for business, culture and living in the United States, with the Brickell financial district serving as a critical anchor to its continued prosperity”

Emerging from the One Brickell complex, at the gateway of Brickell Avenue and the Miami River, Viceroy Brickell brings a higher level of global culture, style, and hospitality experience to Miami’s most exciting community. In addition to ample shopping, entertainment and culinary options, Brickell’s proximity to public transit has also made it one of the state’s most walkable communities, with easy access to the Metromover, the Underline, and a network of pedestrian and cycling paths. This has led to the area being recognized as one of the best places to live in Miami.

"The Brickell neighborhood is among South Florida’s most well-known and desirable destinations, distilling the very best our region has to offer into a vibrant, cosmopolitan live-work-play community,” said Nick Perez, President of Related Group’s condominium development division. “At Related Group, we've been privileged to witness and contribute to this community’s prominence firsthand. Through the launch of Viceroy Brickell, we extend our commitment to the neighborhood and celebrate our alignment with Viceroy, a brand that embodies elevated experiences, and spaces.”

Viceroy Brickell places residents at the epicenter of commerce and culture, located minutes from MICHELIN-starred restaurants, world-class museums, luxury shopping, five-star hotels and one of the country’s most prosperous job markets — all in the heart of One Brickell’s vibrant, exhilarating neighborhood.

“Miami has emerged as one of the most dynamic cities for business, culture and living in the United States, with the Brickell financial district serving as a critical anchor to its continued prosperity,” said Robert Vahradian, Partner and Head of US Investments for GTIS. “With national and international corporations continuing to open offices in or around greater Downtown, together with world-class shopping and dining in the area, we are incredibly bullish on the near and long-term demand for top-tier, class-A projects like Viceroy Brickell.”

Set in a 45-story glass tower overlooking the glittering Brickell skyline, the Miami River and Biscayne Bay, Viceroy Brickell will offer a collection of 420 residences - including studios, one- and two-bedroom homes - ranging from 485 square feet to 1,286 square feet. The property will also feature two full levels of marquee penthouses and 56 city flats fronting S.E. 5th Street with a first-row view of Brickell’s vibrant urban lifestyle.

As the property’s interior designer, Meyer Davis looked to translate the impeccably chic design sensibility of the Viceroy brand into a fully realized lifestyle offering, with high-tech and high-touch residential spaces complimented by luxurious hotel-grade amenities. The lobby has been designed as a sophisticated destination space that is usable throughout the day with ample natural light, white terrazzo tile, warm oak wood walls and tropically influenced murals. This palette offers subtle Art Deco and Mid-Century references, keeping with the property’s prime Brickell location. The ground floor F&B space feels plush and eclectic, featuring a bronze mirror-clad bar offering espresso by day and martinis by night. Design for the residences focuses on conveying both the warmth and restraint of Miami’s modern aesthetic with clean, intuitive layouts that embody a sense of privacy, relaxation and retreat.

Viceroy Brickell is also home to 37,000 square feet of meticulously curated amenities and robust list of resident services – all managed by the Viceroy Hotel and Residences hospitality team. Among these offerings is an expansive 14th level amenity deck with a heated pool, outdoor spa, poolside cabanas, summer kitchen, pool-side café, bocce court and pristinely landscaped outdoor lounge. The first-class fitness center offers a cardio theater overlooking Miami’s dynamic skyline, along with saunas and custom treatment rooms.

Residents will also have access to One Brickell’s lushly landscaped promenade along the Miami River and a private, resident-only marina. Topping it off, the on-site property offerings are further enhanced through complimentary memberships to the Gran Bay Club in nearby Key Biscayne.

Indoor amenities include a multi-sport simulator studio; resident club room with full-service bar, billiards, humidors and multimedia facilities; wine cellar and tasting room; and private cinema. And — true to Related Group’s ongoing commitment to the arts — a permanent installation of curated, museum-quality contemporary artwork from the Jorge M. Pérez Collection.

“As we continue to refine and reposition the Viceroy brand, we remain committed to pursuing projects that are distinct and special,” said Mark Keiser, President of Viceroy. “Collaborating with Related Group and GTIS Partners on Viceroy Brickell enables us to expand on our future, which will focus on bringing people closer to the stories, places and lifestyle that make our world unique.”

First launched in 2000, Viceroy remains a well respected name in luxury hospitality, being named one of Travel + Leisure’s ‘Top 25 Hotel Brands’ in 2023. With locations across eight markets, Viceroy is committed to inspiring global travelers via one-of-a-kind, authentic experiences that meld provocative design and intuitive service.

Melo Group Tops Off Construction On South Tower at Aria Reserve in Edgewater

Melo Group has topped out Aria Reserve’s Arquitectonica-designed South Tower at 62 stories. The widely anticipated dual tower project in Edgewater, Miami, is the latest entry by the Melo Group into the high-end luxury market. Both towers are now officially expected to be fully completed in a record-breaking three-year timeframe since groundbreaking. The south tower is close to being sold out with over 95% of sales and the north tower is at 85% percent to this day. A few weeks ago, the developer announced it was lowering the deposit requirement to 20% due to the project’s success.

“We are very proud of this important milestone as we head into our target timeline of completion while we deliver great quality and continue to bring sustainable development to Edgewater. Aria Reserve is the continuation of the success of our Aria brand, which is our luxury label, and we have long term plans for the future of it.” commented Martin Melo, Co-Principal, The Melo Group.

Aria Reserve is a luxury condominium development underway by the Melo Group in Miami’s Edgewater neighborhood consisting of two 62-story towers situated on five acres of waterfront land at 700 NE 24th. Street along Biscayne Bay. The development will mark the tallest waterfront dual residential towers in the United States. Slated for completion in 2025, Aria Reserve will feature 383 residences, over two-acres of exceptional open-air amenities, breathtaking architecture, and an enviable bayfront location that boasts direct unobstructed views of Biscayne Bay, the Atlantic Ocean, and the Miami Beach skyline. Aria Reserve’s was designed by internationally acclaimed architect Bernardo Fort-Brescia of Arquitectonica, with interiors by MORADA Haute-Furniture Boutique, and landscaping by ArquitectonicaGEO.

“Aria Reserve is the only development of this magnitude on Miami’s waterfront that is delivering in the next year. As the pioneer developer of Edgewater, it took us years to delicately assemble five acres of land that will now be one of the most marvelous landmarks in Miami’s waterfront skyline, with easy access to Miami Beach, downtown and Brickell and mayor highways.” Added Carlos Melo, Co-Principal, The Melo Group.

The project includes two acres of recreational space and open-air amenities. Aria Reserve offers tennis courts, paddleball, a semi-Olympic lap pool, a minigolf and pickleball, an ultramodern gym, and a half-basketball court. The amenities at Aria Reserve will also include one of the few waterfront restaurants in Miami, access to the Bay Walk, and a private dog park. In addition, there will be gardens, pools, a spa, a wine cellar, and internal and external social areas.

On the ground floor along 23rd Street, Melo Group is developing a public park with open green space that will connect to the Miami Bay walk, providing direct access to the 5-mile-long pedestrian and bicycle-friendly waterfront walkway which runs along Biscayne Bay from Edgewater, around Brickell Key, and all the way to Brickell Bay Drive in Brickell. Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways – the two main arteries connecting the City of Miami and Miami Beach – Edgewater has fast-emerged as the epicenter of the new Miami. The surrounding neighborhoods of Downtown’s Arts and Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach put residents within blocks of dozens of luxury retail shops, high-end restaurants and world-class arts and culture venues.

Melo Group has been one of the most prolific development firms in Greater Downtown Miami with a portfolio of more than 8,000 residential units completed. Over the last two decades, the Melo Group has delivered 25 residential towers across Miami’s Central Business District, Edgewater, downtown. They are positioned as one of Miami’s most prominent long-term investors and landowners.