Gale Miami Hotel & Residences To Open in Downtown June 1st

Downtown Miami is welcoming a new addition to its hospitality scene with the opening of Gale Miami Hotel & Residences on June 1st. This highly anticipated development promises to enhance the vibrant urban landscape of Miami, offering a blend of luxury accommodations and high-end amenities.

The Gale Hospitality Group, known for its renowned Gale South Beach, has introduced this new property to celebrate the rich history and dynamic future of Miami. The Gale Miami Hotel & Residences pays tribute to the city's past and its landmarks, such as The Freedom Tower. Photography from the Miami History Museum will be featured throughout the rooms, honoring the opening of the original Gale location and inviting guests and residents alike the chance to explore the allure of Miami in this bygone era. 

The hotel features a variety of accommodation options, including studios and one to two-bedroom units, designed to meet the needs of both short-term visitors and long-term residents. Many of these units come equipped with full kitchens and washer-dryers, providing guests with all the comforts of home.

In celebration of its grand opening, Gale Miami is offering a special promotion with up to 25% off room rates, plus additional perks like waived destination fees and complimentary early check-in and late checkout. This offer is available for a limited time using the code 'GRANDPRO' when booking.

Keith Menin of Gale Hospitality Group expressed his vision for the new property: "With Gale Miami Hotel & Residences, we aim to redefine the benchmark for hospitality within Miami's urban landscape. We are excited to offer an unmatched guest experience that combines the energetic ambiance of Downtown Miami with carefully curated amenities and services."

Gale Miami stands out with its extensive amenities, including a 70,000-square-foot space spread over three floors that offers stunning views of Biscayne Bay and the Miami skyline. Guests can enjoy the Gale Wellness program, which features a co-ed hammam, steam room, sauna, fitness facility, yoga lounge, and spa services. The property also includes high-speed internet access, a 24-hour attended lobby, valet parking, and several dining options. Gale Miami is one of the only downtown hotels to offer its guests exclusive beach club access.

The hotel's dining facilities are particularly noteworthy, with 9,000 square feet of restaurant space on the ground floor, including an outdoor garden, an Italian concept, and a street-front restaurant. The 9th floor boasts an American steakhouse and lounge, as well as a Mediterranean-style restaurant with a retractable roof and an outdoor terrace.

For those planning events, the Gale Miami Conference Center on the 8th floor offers over 20,000 square feet of space, including conference rooms, breakout rooms, and a grand ballroom. The property also features three floors of exhibition space, making it one of Downtown Miami's largest conference venues.

Located just steps from the Kaseya Center, Port of Miami, and the Brightline, Gale Miami Hotel & Residences is set to become a key player in the city's hospitality and residential sectors.

This new addition to Downtown Miami's hospitality scene is poised to become a significant attraction, blending historical charm with modern luxury to create a unique and inviting experience for both residents and visitors.

The Allen Morris Company Receives Commission Approval For Ponce Park Residences Coral Gables Condo

The Allen Morris Company, led by Allen and Spencer Morris, have received commission approval for Ponce Park Residences, a luxury condo project set to rise in the heart of Coral Gables. Located on the crown jewel site at the intersection of the renowned Ponce De Leon Boulevard and University Drive in Coral Gables, Ponce Park Residences is positioned to become the next most iconic building in The City Beautiful. On May 21 the Coral Gables commission voted a unanimous 5-0 in support for Ponce Park Residences, which was designed by John Cunningham and pays homage to the Mediterranean influences of Coral Gables while creating an active pedestrian arcade that blends seamlessly into a new city park. Project architect John Cunningham designed the timeless Alhambra Towers which is also owned and developed by The Allen Morris Company and has served as one of the most iconic buildings on the Coral Gables skyline. Ponce Park Residences will also feature landscape design by Naturalficial. Sales are set to launch summer 2024 and will be overseen by ONE Sotheby’s International Realty.

Ponce Park Residences will consist of approximately 20,000 SF of retail & restaurant space, which will house two world-renown restaurants and a world-class wellness spa. The tower will house 57 ultra luxury condo units. The units will include the finest Italian kitchens & countertops, 12’ deep balconies with summer kitchens in every unit and 11’-12' clear ceiling heights. The building’s rooftop deck boasts 30,000 SF of amenities including multiple pools, a cold plunge, a hot tub and a fully staffed, private rooftop bar with views of South Gables and Biscayne Bay.

The project will provide residents a boutique urban lifestyle experience and access to over 100 shops and restaurants located at the $1 billion mixed-use The Plaza Coral Gables directly across the street as well as the Miracle Mile corridor located a short walk away.

The Allen Morris Company will also contribute $2 million in public improvements and assume responsibility for the re-design of Ponce Circle Park, The City’s central park. The total park improvements will total over $9 million.

Aztec Group Facilitates $55.6 Million Financing for Arcadia Gardens in Palm Beach Gardens

Aztec Group, a prominent real estate investment and merchant banking firm serving Florida for four decades, has announced its successful arrangement of $55.6 million in bridge financing for Arcadia Gardens, located in Palm Beach Gardens, Florida. This luxury age-restricted rental apartment community, encompassing 220 units across 10.64 acres, represents a significant investment in senior living infrastructure.

Developed in 2021, Arcadia Gardens offers residents a premium living experience coupled with a comprehensive amenity package. The centerpiece is its 15,210-square-foot clubhouse, featuring a plethora of amenities such as a fitness center, salon, movie theatre, and various sports courts including pickleball, bocce, and croquet. The community also boasts a pool, spa, walking trail, community garden, and full onsite dining facilities, ensuring residents have access to everything they need for a fulfilling lifestyle.

Strategically located in Palm Beach Gardens, Arcadia Gardens offers residents the convenience of easy access to over 2.9 million square feet of retail space within a one-mile radius. The proximity to The Gardens Mall, a renowned upscale shopping destination, further enhances the appeal of this vibrant community.

The project is managed by affiliates of the United Group of Companies based in Troy, NY, and Sina Companies of Palm Beach Gardens, FL. The United Group of Companies brings over 50 years of industry expertise to the management of Arcadia Gardens, further ensuring the success and quality of the development.

The financing for Arcadia Gardens was secured through MetLife and provides favorable terms, including full-term interest-only and a 36-month term. Peter Mekras, President of Aztec Group, emphasized the meticulous selection process, stating, “Aztec sourced multiple proposals for the financing of Arcadia Gardens and worked with the sponsors to select the capital source that could move quickly and understood the unique attributes of this age-restricted community.”

Aztec Group's success in arranging nearly $200 million in bridge financing in the first five months of 2024 underscores its expertise and commitment to facilitating transformative real estate projects.

Shoma Group Unveils New Mixed Use Project Shoma 88

Shoma Group, a prominent Miami-based developer, has introduced Shoma 88, a mixed-use development poised to redefine the living experience in Kendall. This project signals a significant stride for Shoma Group, highlighting their dedication to providing housing options that blend affordability with luxury living experiences.

Masoud Shojaee, CEO and Chairman of the Board at Shoma Group, expressed excitement for the project, stating, "Kendall holds a special place in our hearts. Shoma 88 represents an opportunity for us to showcase our growth and evolution while maintaining our commitment to quality and community. We're enthusiastic about reintroducing luxury living to Kendall, where our journey began."

Standing 28 stories tall, Shoma 88 boasts 405 rental units, each offering a generous 920 square feet of space. With inclusivity in mind, Shoma Group has designated at least 40 percent of the units for workforce housing, ensuring accessibility for Kendall's essential workforce.

Shoma 88 offers a holistic lifestyle experience by integrating residential living with essential services and amenities. The development encompasses dedicated office space, providing residents with convenient coworking options and fostering a dynamic live-work environment. Additionally, 105,000 square feet of medical office space and 8,000 square feet of retail space will cater to residents' needs for essential services and amenities.

Residents will have access to a wide range of state-of-the-art amenities, including a rooftop pool with barbecue areas, a fully equipped gym, a sauna, a business center, a dedicated kids’ playroom, and a clubhouse. Stephanie Shojaee, President of Shoma Group, underscored the project's inclusivity, stating, "Shoma 88 is more than just luxury living. We're creating a space that meets the diverse needs of the Kendall community, fostering a vibrant hub for residents, workers, and local businesses."

Groundbreaking for Shoma 88 is slated for the first quarter of 2025, with an estimated completion date within 30 months. Shoma MGMT, led by Stephanie Shojaee, will oversee leasing and management for the property, designed by the renowned PPK Architects.

Pagani Residences Reveals Renderings of 'Stealth Wealth' Interiors

Pagani, a brand known for exclusivity, “stealth-wealth” characteristics and handcrafted quality, and Riviera Horizons have revealed a first look at Pagani Residences luxurious interiors by A++, curated by Pagani Arte, the newly established Made in Italy interior design division. Miami’s first-ever Hypercar branded building, Pagani Residences will offer 70 handcrafted, waterfront residences with prices starting at $2.4 million on Miami’s North Bay Village. 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. Completion is slated in 2027 with Fortune Development Sales leading sales and marketing for the project.

Located at 7940 West Drive, North Bay Village, the 28-story, amenity-rich property designed by Revuelta Architecture will offer 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.

Pagani Residences will include an exquisite collection of amenities including a 240-foot waterfront boardwalk and private boat slips. Owners will enjoy 24/7 concierge service to anticipate every need. On the ground floor residents’ amenities include valet parking and porte-cochere, 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.

Latitude Group Breaks Ground on The Terraces in Fort Lauderdale Beach

Latitude Group, a South Florida developer known for its high-end residential projects, has broken ground on The Terraces, a boutique condominium project in Fort Lauderdale. The Terraces will feature only 22 exquisitely designed residences, offering an unparalleled level of privacy and exclusivity. Each residence will boast spacious floor plans, high-end finishes, and expansive balconies with breathtaking water views. Amenities will include resort-style pool with private cabanas as well as a state-of-the-art fitness center and outdoor yoga terrace.

“The Terraces is designed for the discerning homeowner who desires a luxurious and intimate living experience,” says Carlos Lopez, Co-Founder of Latitude Group. “He continued,  “With only 22 units, residents will enjoy a sense of community while also having access to the best that Fort Lauderdale beach has to offer. We are excited to be part of this community and looking forward to delivering an exceptional project that will deliver something new to the market.”

The Terraces is ideally located in the heart of Fort Lauderdale beach, close to world-class beaches, vibrant nightlife, and upscale shopping and dining. Residents will also have easy access to major highways and Fort Lauderdale-Hollywood International Airport.

The project is the only pre-construction development in Fort Lauderdale beach offering luxury living in a boutique environment. Designed by world-renowned South Florida-based architecture firm GarciaStromberg, the building features all-corner residences enhancing both privacy and views. 

Dan Texiera, Vice President of Business Development at Douglas Elliman Development Marketing and the sales director for The Terraces says, “The Terraces isn't just about creating luxurious residences; it's about elevating the Fort Lauderdale lifestyle. Our boutique design fosters a close-knit community while offering spacious living perfect for enjoying the South Florida lifestyle. Residents will be steps from the vibrant energy of Fort Lauderdale, yet enjoy the tranquility of a private oasis just minutes to the beach or the Intracoastal. The Terraces is poised to become a landmark, offering a new standard for luxury living in Fort Lauderdale.”

Inside the boutique building is finished with a discerning eye, led by interior designer Marcela Lombana. Light oak, marbled tiling and touches of sky blue and sage green reflect the surrounding palette of South Florida’s beauty. 

Construction on The Terraces is scheduled to begin this month with a completion date in 2026. Winmar Construction has been selected as the general contractor. With an extensive portfolio showcasing world-class commercial interiors, hospitality, retail and restaurant projects, and more, Winmar Construction continues to deliver some of the most visible projects on the market. Working in both South Florida and the mid-Atlantic, their completed projects include the Shelborne Hotel, multiple Stephen Star restaurants including Le Zoo and Le Diplomate, the Faena sales gallery, AquaBlu and AquaVue. 

Latitude Group is a South Florida-based developer with a proven track record of success. The company is committed to creating luxurious and innovative living spaces that exceed the expectations of its discerning clientele. Led by co-founders Carlos Lopez and Luis Estrada, Latitude Group focuses on boutique luxury developments in the residential and mixed-used space. Also underway for the group is the first commercial new development project in Key Biscayne in over 10 years.

TORTOISE ONE A NEW MIXED-USE PROJECT IN WEST PALM BEACH ANNOUNCES COMPLETION

West Palm Beach, renowned for its vibrant culture and coastal charm, is welcoming a new addition to its skyline with the completion of Tortoise One, a luxury mixed-use, multifamily development. Developed by Tortoise Properties, known for its expertise in creating exceptional real estate assets in South Florida, Tortoise One is set to redefine upscale living in the heart of the city.

Strategically located at 740 N Dixie Highway in the downtown corridor, Tortoise One comprises two eight-story towers housing a total of 264 residences. The development offers a range of living options, from studios to spacious one and two-bedroom apartments, designed to cater to the diverse needs of modern renters, including young professionals, families, and entrepreneurs.

Jake Geleerd, co-founder and CEO of Tortoise Properties, expressed his excitement about the project, stating, "Tortoise One embodies our commitment to innovative design and elevated experiences. We are thrilled to introduce this exceptional endeavor, which sets a new standard for luxury living in West Palm Beach."

Designed by MSA Architects with interiors by Builders Design and constructed by Verdex, each apartment at Tortoise One exudes refined elegance. Features include private balconies with sweeping views, wood-style flooring, floor-to-ceiling windows, and high-end kitchens with custom tile backsplash and stainless-steel appliances. Residents also benefit from amenities such as in-unit washer and dryer, smart thermostats, and keyless entry for added convenience and security.

The amenity program at Tortoise One is designed to cater to residents' diverse interests and lifestyles. From social clubrooms and fitness centers to rooftop pickleball courts and resort-style swimming pools, there's something for everyone. The development also features private workspaces, a pet washing area, and electric car charging stations, promoting sustainability and convenience.

Situated just minutes from Palm Beach Island, Tortoise One offers residents easy access to a plethora of dining, shopping, and entertainment options in downtown West Palm Beach. With transportation services like the Circuit connecting the property to the city, residents can explore with ease.

Crown Residential is managing the leasing of apartments at Tortoise One, while retail leasing is being led by Tortoise Realty Group.

Off-Market Spec Home Sells For Record Price On East Side of Miami's Bay Harbor Islands

A spec home set to be completed this summer on Miami’s Bay Harbor Islands has record as the highest sale recorded on the east side of the exclusive residential island neighborhood. Located at 9501 East Broadview Drive, the home sold for $14.25 million. Oren Alexander and Isaac Lustgarten of OFFICIAL represented the seller, Sam Bissu of Luxom Developments, the developer of the home. The home is brand-new construction, slated for completion this summer and designed by architect Simon Bissu with interiors by Margaret Bissu. The residence spans 6,185 SF on an 11,250 SF lot and features seven bedrooms, seven-and-a-half bathrooms and a den, as well as 75 feet of water frontage.

The spacious floor plan seamlessly blends indoor and outdoor living complete with elegant interiors adorned with high-end finishes and meticulous attention to detail. The gourmet kitchen features top-of-the-line appliances, marble finishes, and custom cabinetry. The primary suite offers expansive windows overlooking the water, two luxurious en-suite bathrooms and closets, and a private balcony. The outdoor area is a true paradise with 75 ft of water frontage, pool, and jacuzzi. The rooftop terrace has an outdoor kitchen and plenty of room to host gatherings from sunrise to sunset.

Aston Martin Residences Receives TCO In Downtown Miami

Aston Martin Residences, a luxury condo tower in the heart of downtown Miami developed by G&G Business Developments with construction overseen by Coastal Construction, has received its Temporary Certificate of Occupancy (TCO) on April 18. Aston Martin Residences spans 1.8 million square feet, towering 821 feet, 70 stories, above the Miami River waterfront. The architect of record for Aston Martin Residences is Revuelta Architecture International, while Bodas Miani Anger (BMA) served as the design architect. Additionally, structural engineering was provided by DeSimone Consulting Engineering.

Comprising 393 units, Aston Martin Residences offers spacious floor plans ranging from one to five bedrooms. The development includes seven penthouses and 38 signature residences, each offering buyers the option to select either a limited edition DBX or a DB11 from Aston Martin’s lineup. The three-story penthouse also features the prestigious final Aston Martin Vulcan as part of its offering.

While the completion of Aston Martin Residences draws near, it promises a lifestyle of comfort and convenience, offering residents access to top-tier amenities, such as a state-of-the-art fitness center, infinity pool, art gallery, two cinemas, and a full-service spa.

"We are grateful to have worked with G&G Business Developments and to have been a part of bringing this iconic and highly anticipated building to the city of Miami," said Thomas P. Murphy, CEO and founder of Coastal Construction. "Coastal is honored to bring another branded residence to life. This building will be a landmark for years to come, and that is something to be proud of."

A First Look Inside Mercedes-Benz Places Revealed at the Concours Club

Mercedes-Benz Places in Miami, the inaugural North American branded residential project, has unveiled its first look inside, marking a significant milestone in luxury living in Brickell. Developed by JDS Development Group in partnership with Mercedes-Benz, this mixed-use development merges modern living spaces with innovative mobility concepts, setting new standards for urban living.

The project, announced on February 26, 2024, has already seen remarkable success, with record sales of over 100 condominiums sold within the first four days on the market. The launch event, held at The Concours Club before the Formula 1 Miami Grand Prix, offered guests an exclusive preview of the residences' interiors, along with a unique conversation hosted by Toto Wolff, Team Principal & CEO of Mercedes-AMG PETRONAS F1 Team, and Michael Stern, Founder and CEO of JDS Development Group. Test drives in Mercedes-AMG GTR cars on the racetrack with professional drivers from Mercedes-Benz USA completed the unique experience of lifestyle in Miami.

Designed to offer a seamless mobility journey, Mercedes-Benz Places in Miami features a private porte cochere and panoramic rooftop pool, providing residents with breathtaking views of the skyline and cityscape beyond. Each residence, ranging from studios to three-bedrooms, is meticulously crafted to reflect modernity and luxury, with floor-to-ceiling windows, deep terraces, and spectacular views of Miami, Biscayne Bay, and the Atlantic Ocean.

Interior designs, created by the experts at Woods Bagot in collaboration with the Mercedes-Benz design team, showcase crisp blacks and whites, warm woods, and significant graphic elements, reflecting the brand's commitment to automotive-detailing, precision, and quality. Custom-designed kitchens and principal baths offer light and dark finish options, integrated Miele appliances, and luxurious marble countertops.

The architectural design, created by award-winning SHoP Architects, embodies Mercedes-Benz's design philosophy of Sensual Purity, combining intelligence and emotion to create clear forms and sensuous surfaces. The cube-shaped mixed-use tower features technical silver, classic black and white elements, and undulating curves, creating distinctive highlights and stimulating contrasts.

Gregg Pasquarelli, Founding Principal of SHoP Architects, highlights the project's investment in the Brickell community, stating, "Mercedes-Benz Places will revitalize public space in the neighborhood of Southside Park while making a statement with its superior quality in design."

Mercedes-Benz Places in Miami represents more than just a development; it embodies a vision for the future of urban living, offering residents a luxurious and connected lifestyle in the heart of Miami's vibrant Brickell district.