Over $5 Million In Crypto Sales At Diesel Wynwood After Partnering With FTX US As Project Reaches 40% Sold

Despite fluctuations, cryptocurrency is leaving its mark on the real estate industry. Diesel Wynwood Condominium has seen an influx of interest from crypto buyers since partnering with FTX US in May. To date, the team has done more than $5 million in crypto transactions.

Diesel Wynwood, the first Diesel-branded luxury residential development in the world, partnered with FTX, a leading U.S.-regulated cryptocurrency platform, to serve as a provider for handling digital currency conversions for the project's residential sales deposits and transactions. This marked FTX US’ first collaboration with a fashion-branded condominium and another milestone for Diesel, which is pioneering luxury residential living in Wynwood.

Since launching sales in November 2021, Diesel Wynwood has seen growing interest from cryptonaires, tech titans, artists, and locals alike. Nearly half of the boutique building’s 159 units have gone into contract and the building is now over 40% sold. Residences are priced from $500,000 to $6 million. ONE Sotheby's International is handling sales and marketing for the building and Steve Potres is the agent responsible overseeing crypto sales.

Located in the trendy Wynwood Arts District, Diesel Wynwood is developed by Bel Invest, an international real estate investment and development firm, and designed by Zyscovich Architects, a Miami-based design, architecture, and urban planning firm. The residence rises eight stories and comprises 159 residences ranging from micro-studios to three bedrooms. Elevated amenities include a rooftop pool deck and lounge, state-of-the-art fitness center, wine cellar, European spa, and more.

Groundbreaking is expected in Q4 2022.

For more information about Diesel Wynwood, private showings or purchasing/ leasing information please fill out the form below:

Palm Beach Gardens Single Family Home Development 'La Terre at Avenir' Now 50% Sold-Out

La Terre at Avenir, a gated community of 92 luxury, single-family homes in Palm Beach Gardens, is now 50% sold-out. La Terre at Avenir is being developed by K. Hovnanian Homes at 12300 Waterstone Circle, Palm Beach Gardens, FL. La Terre at Avenir offers single-story and two-story new construction homes with spacious floor plans and elegant interiors including Restoration Hardware vanities, freestanding tubs, under cabinet lighting in the kitchen, smart appliances and Design-Craft frameless cabinets. Homes at La Terre at Avenir range from 2,528 to 4,124 square feet and are priced from $959,995 to $1,299,995. K. Hovnanian is a national family-run luxury homebuilder founded in 1959.

The 4,752-acre Avenir is the largest and most innovative developments to come to Palm Beach County. The sustainable community, located in Palm Beach Gardens, is being developed by K. Hovnanian Homes, Toll Brothers, Divosta, Kenco Communities and Akel Homes. Avenir will feature 3,900 new homes and resort-style amenities include a clubhouse, working farm, dedicated golf cart paths, spacious dog parks, and over 300 acres of lakes and waterways. More than 2,400 acres will be transformed into a dedicated nature preserve featuring extensive walking trails. Avenir is also approved for 400,000 SF of retail space and 2,000,000 SF of new offices, shops and restaurants.

Newgard Development Group Locks Down $170 Million Construction Loan For LOFTY Brickell Home-Sharing Tower

Newgard Development Group has locked down a $170 million loan from 3650 REIT for its newest residential property, LOFTY Brickell. The closing follows an impressive sales launch, with 80% of the tower’s inventory under contract and groundbreaking set to commence Q4. This is the second loan from 3650 REIT for LOFTY - the first being last fall tied to the land acquisition. Cervera Real Estate is the exclusive sales and marketing for the tower.

“LOFTY is the most elevated offering in short-term rental ownership,” says Developer Harvey Hernandez. “Coupled with its waterfront location and next-level amenities, we’ve assembled a dream team of collaborations with artists and designers for limited-edition experiences and lifestyles for global buyers.”

“3650’s strategy of financing well-located multifamily properties with sophisticated sponsors who employ highly targeted, value-add business plans at unique locations dovetails well with the LOFTY project,” says 3650 REIT Co-Founder and Managing Partner Jonathan Roth. “We believe that the property’s unique business plan to accommodate short-term rental ownership will make it a ‘change winner’ in the post-pandemic South Florida market as more residents seek flexibility and convenience in their living arrangements, and we expect to see sustained long-term demand for these types of units. LOFTY’s prime location adjacent to Brickell City Centre and walkability score of 100 will also provide residents with convenient proximity to best-in-class retail, dining, office and hotel options. It was a pleasure to work with the Newgard team once more, resulting in a smooth transaction despite a difficult market environment. We look forward to working with the Newgard team to execute this exciting opportunity which will transform the Miami skyline.”

LOFTY will deliver fully finished and furnished turn-key residences purposefully designed and licensed to be shared. The 44-story tower features studio, one- and two-bedroom units alongside 40,000 square feet of thoughtfully curated amenities, including a private marina, waterfront dining, members-only social club, resort pool deck and fitness center, indoor/outdoor cigar lounge, coworking lounge and meeting rooms. Interiors are designed by NY-based INC, architecture by Arquitectonica, and landscaping by Urban Robot Associates.

The tower features the first-ever NFT art collective designed for condo owners, integrating digital art into the DNA of the new residential building, while transferring ownership of a custom NFT to each unit owner. In addition to the art collective, which launched with renowned Miami-based artist Carlos Betancourt, a group of branded residences known as LOFTY PH Collection recently unveiled in partnership with Artefacto, a global furnishings brand, and INC, the multi-disciplinary NYC studio responsible for the project’s interiors.

For more information about LOFTY Brickell, private showings or purchasing/ leasing information please fill out the form below:

The Standard Residences, Midtown Miami Now 70% Reserved, Hosts Cocktail Celebration At Sugarcane

The Standard Residences, Midtown Miami is now 70% reserved and celebrated in style overlooking the building’s future site from SUGARCCANE raw bar grill. The exclusive cocktail event was hosted by developer Carlos Rosso, Urban Robot Associates’ Giancarlo Pietri and Naturalficial’s Andres Arcila, showcasing the energy, culture, community and style that The Standard brand is known for. The evening was attended by top real estate and hospitality leaders in Miami who enjoyed The Standard’s custom cocktails, sushi and hors d'oeuvres.

The Standard Residences, Midtown Miami is the first true pied-à-terre-style project to be developed in Miami. The project is being developed by hospitality and real estate pioneers Standard International and Rosso Development, in collaboration with Midtown Development. The 12-story property blends culture, community and style with the world-class design, amenities and service that The Standard brand is known for–which to date has only been available at its hotels.

Located in the heart of Midtown, Miami’s most walkable neighborhood, the building is centrally positioned between The Design District and Wynwood and will feature 228 pied-à-terre-style residences ranging from studios to two bedrooms. The Standard Residences, Midtown Miami has tapped the industry’s best talent for this debut, including architecture by award-winning Arquitectonica, interiors by Urban Robot, and Naturalficial for landscape design.

In step with other Standard properties, residents will enjoy thoughtfully designed social spaces and amenities spanning 34,000 square feet across five floors including a lushly landscaped rooftop with a 60-foot, resort-style sunset pool, and signature rooftop restaurant and bar reminiscent of the vibe The Standard pioneered from LA to New York to London. Wellness offerings include a state-of-the-art sweat room and fitness center, an infrared sauna, an indoor pickleball court, and yoga and stretch studios. A social floor features a karaoke bar and screening room, while co-working spaces include a private boardroom and zoom rooms. A pet spa rounds out The Standard Residences’ anything but standard amenity package. Residents will also gain access to The Standard’s “Friends with Benefits” program, which earns them preferred pricing at all The Standard hotel properties around the world.

The Ritz-Carlton Residences, Estero Bay Announces $150 Million In Sales Within 14 Days

Coming to one of Southwest Florida’s last available stretches of waterfront within 500 acres of lush lands are The Ritz-Carlton Residences, Estero Bay, which has achieved $150 million in sales within 14 days since launching the first tower, comprised of 112 condominiums. The property, led by the visionary London Bay Development Group, will feature 224 residences among two 22 story towers. This news marks record interest in the legendary property within a short period. 

“The incredible demand and market positivity are a testament to the quality of this property and its exceptional design, coupled with thoughtful amenities and the prestigious Ritz-Carlton hospitality that will be woven throughout all experiences,” said Mark Wilson, President and CEO of London Bay Development Group. “As the most unique luxury condominium offering in Southwest Florida, we look forward to continuing this momentum.” 

Nestled between Sanibel Island and Naples, Florida, beside the natural beauty of the state’s first aquatic preserve of Estero Bay, the residences present a rare opportunity for the legendary brand in a sheltered oasis. Imagined by globally-acclaimed design firm Arquitectonica, the cascading façades of the buildings are inspired by the undulation of the waterfront setting, integrating harmoniously into the surrounding topography. Allowing for maximized vistas, each condominium frames the sky to capture natural light, from sunrise to sunset. 

Priced from the upper $2 millions, residences range from 2,628 to 3,885 square feet, and include two, three- and four-bedrooms, with a den. Dedicated private elevator entry, unobstructed sunset views of the bay and spacious balconies, with some spanning up to 2,200 square feet enhance enjoyment of daily life. Storage will be abundant, with very generous bedroom closets and a personal private storage unit located on the resident’s floor. Homeowners will have a choice of three finish packages assembled by Meyer Davis, the award-winning New York design studio also behind the property’s common area interiors.  

Legendary Ritz-Carlton service and personal connections with residents will be apparent in all facets of ownership, whether seeking a private training session or spa treatment. A rich program of amenities speaks to all pastimes and passions, with 36,000 square feet of indoor offerings. This includes a Wellness Center with garden views offering fitness, a yoga and Pilates studio, a private training section, and locker rooms with steam and sauna. A centrally-located, 8,000-square-foot space will present a Sunset Lounge, private dining room, Sports/News Café, whiskey and wine room, card room, and demonstration and catering kitchen. 

The Ritz-Carlton Residences, Estero Bay’s outdoor oasis stimulates wellness, surrounded by enchanting vegetation by landscape architect EDSA. Homeowners can enjoy three pools, floating-like pavilions at an expansive lagoon water feature, and cabanas that will be available for purchase. Bocce courts, multiple fire pits and barbeque stations also promote group gatherings. 

Living in rare harmony with it all, neighborhood trails lead to beautiful destinations to explore nearby activities. Part of the new master-planned coastal village underway, residents will be able to walk to the Saltleaf Marina and tee off at the Saltleaf Golf Preserve, a reimagined championship golf course, also equipped with a nine-hole short course. Venture into the waters of Estero Bay estuary with a kayak, take a short drive to Naples for luxury shopping or spend time in the nearby Bonita Springs. Getting to The Ritz-Carlton Residences, Estero Bay is easy, only 20 minutes from Southwest Florida International Airport.  

For more information about The Ritz-Carlton Residences, Estero Bay, private showings or purchasing/ leasing information please fill out the form below:

Continuum Company Breaks Ground On The Sold-Out La Baia, Bay Harbor Islands

La Baia, Bay Harbor Islands, the new luxury boutique bayfront condominium and private marina by New York visionary and developer Ian Bruce Eichner, CEO of The Continuum Company, LLC, has broken ground. The Continuum Company hosted a groundbreaking ceremony with Suffolk Construction on April 13, the appointed general contractor of the condominium, and La Baia’s exclusive sales brokerage Pgutman LLC headed by Phil Gutman, to commemorate the start of construction on the project site located at 9201 East Bay Harbor Drive.

In addition to announcing this milestone, The Continuum Company has completely sold-out the 68 luxurious residences which launched sales in October. The unprecedented sales have been attributed to the property’s tranquil cove-like setting, well-appointed resort-style amenities, and large, airy offerings that have La Baia continuously outpacing the rest of the area’s luxury condominium market.

“This is a day of tremendous pride for us,” said Eichner, the founder of The Continuum Company, LLC. “Not only are we delighted to be hosting this momentous occassion so soon in the process, but La Baia’s extraordinary sell-out is a true testament to the unique lifestyle and transformative potential of the Bay Harbor Islands, one of Miami’s most coveted hidden gems.”

Featuring a highly sought-after location on one of the last large-scale land parcels remaining in South Florida’s exclusive Bay Harbor Islands, La Baia will feature just 68 luxurious residences with 20-boat slips and more than 30,000 sq. ft. of resort-style amenities. Sized from one- to four-bedrooms -- and spanning between 1,100 to 2,500 square feet -- each La Baia home will be delivered completely finished and ready to be designed, decorated and furnished. Every residence features well-appointed fixtures and finishes curated by New York-based Durukan Design, and kitchens featuring custom Italian cabinetry by Snaidero and Miele appliances. Ceiling heights range between nine- to 10- feet, there are spacious his-and-her walk-in closets, and balconies with glass railings offer unobstructed views of Biscayne Bay, the Atlantic Ocean, Bal Harbour, Miami Beach and downtown Miami.

“Featuring the exceptional design talents of Revuelta Architecture, Durukan Design, and Enzo Enea, La Baia introduces a new dimension in urban, waterfront living that has attracted an overwhelming response from savvy buyers from the U.S. and around the world,” said Phil Gutman, President of Pgutman LLC, the project’s exclusive broker. “Combining spectacular style, unmatched exclusivity and an array of first-class amenities, La Baia celebrates the very best Miami has to offer.”

Offering the best of a yachtsman’s lifestyle, La Baia features a 20-slip marina available exclusively to residents, with direct ocean access via the Haulover Inlet that can take residents to the Florida Keys, the Bahamas, and beyond. Other waterfront amenities include paddle boarding, kayaking and more.

A myriad of additional resort-style amenities include a rooftop terrace with breathtaking ocean views, featuring a pool with poolside chaise lounge chairs, tropical heated soaking spa, children’s play area with an interactive splash pad, and shaded lounge areas for dining and entertaining.

The third-level breezeway garden offers residents a covered contemplative seating area and a reflection lawn for a yoga session or family gathering, while a Residents’ Club Room and state-of-the-art fitness center are among the property’s other top-line amenities.

“Building this gorgeous, boutique condominium on one of the last large-scale land parcels remaining in Bay Harbor Islands is exciting and special for our team,” said Peter Tuffo, president of the south region of Suffolk. “We will apply innovative technologies and our expertise in building luxury, waterfront residential projects to bring the stunning vision of La Baia to life.”

La Baia, Bay Harbor Islands is slated for project completion and delivery in November 2023. Continuum Company expects to launch a north tower in the near future.

Renderings via Evolution Virtual

For more information about La Baia, private showings or purchasing/ leasing information please fill out the form below:

BGI Companies Launches Sales at Alba Palm Beach

BGI Companies has officially launched sales at Alba Palm Beach, a new waterfront residential condominium development located directly on the Intracoastal Waterway. The development is a collection of 55 luxury residences spread throughout a 22-story tower, plus four two- and three-story townhomes. Residents will enjoy a variety of desirable amenities including an entire 25,500-square-foot, sixth-floor amenity level with sunrise and sunset swimming pools, as well as on-site private docks with boat slips exclusively for owners.

In pre-sales, the development received a strong response with more than 30% of the building reserved. Introductory pricing starting from $2.5 million with sales led by Douglas Elliman Development Marketing.

“As our first foray into residential development in the Palm Beaches, we are excited to officially launch sales with a more accessible luxury product in the Northwood area as the neighborhood continues to thrive and grow,” said Kenneth Baboun, principal developer. “With a sought-after location, Alba Palm Beach will introduce a limited-edition waterfront lifestyle that celebrates high-quality workmanship, elevated amenities, and effortless coastal living – all of which are in demand yet hard to come by in today’s market.”

“West Palm Beach has experienced a material transformation and growth in the last few years. The influx of buyers and capital in the area seeking a luxury destination coupled with offering of high caliber products in West Palm Beach has presented tremendous opportunity,” said Jay Phillip Parker, CEO of Douglas Elliman’s Florida Region and President of Douglas Elliman Development Marketing. “With Alba Palm Beach, we are setting a new standard in the neighborhood, offering a waterfront lifestyle with Intracoastal access that cannot be replicated. Our team is proud to present buyers with a development that offers an exceptional value at a premier address.”

Alba Palm Beach is located at 4714 North Flagler Drive in West Palm Beach, Florida, directly on the Intracoastal Waterway. The development’s sleek and modern design is by West Palm Beach-based Spina O’Rourke + Partners. A free-form ground level with design accents that blend into the landscape welcomes residents, who will enjoy access to an elevated amenity deck, with unobstructed sunrise, sunset, and water views. The development houses a collection of 55 two- to three-bedroom residences, and 4-bedroom townhomes with direct waterfront views. There are a limited number of residences per floor, with private elevators and vestibules offering privacy and seclusion.

Alba Palm Beach is situated on 1.71-acres with direct Intracoastal frontage, and a private dock with boat slips reserved for residents only. The tower’s entire sixth floor is dedicated to amenities, including a sunrise pool overlooking the Intracoastal, a sunset pool for the warm afternoon sun, as well as dedicated grill and lounge areas. The on-property state-of-the-art fitness studio includes cardio, resistance training, and yoga. There will also be virtual conference spaces, theater, and multi-sport simulator rooms. The development also offers a covered Porte Cochere entry, valet parking, and access to covered parking with electric vehicle charging stations.

Every residence features spacious layouts with oversized glass-framed terraces with summer kitchens and panoramic views. Floor-to-ceiling hurricane impact windows and sliding doors are installed on all terraces. Additional highlights include Italian-designed kitchens by Italkraft, stainless steel appliances by SubZero® and Wolf®, spa-like baths with designer fixtures and finishes and wiring for high-speed data, media connectivity and smart-home technology. The limited collection of four townhome residences each have their own unique two- or three-story designs.

La Baia, Bay Harbor Islands Is Over 65% Sold In Less Than Four Months After Launching Sales

La Baia, Bay Harbor Islands, is now over 65% reserved in less than 120 days since launching sales for the boutique bayfront condominium and private marina. The project is being developed by Ian Bruce Eichner, who was the catalyst behind South Beach’s prestigious South of Fifth neighborhood when he developed Continuum South Beach a decade ago. Eichner set his sights on building La Baia on one of the last large-scale land parcels remaining in the exclusive Bay Harbor Islands. Sales are been exclusively handled by Phil Gutman and have been attributed to the property’s tranquil cove-like setting, luxurious resort-style amenities, and large, airy offerings that have La Baia outpacing the rest of the area’s luxury condominium market.

“At a time where we are experiencing unprecedented Miami sales activity, and with buyers being more selective than ever on where they choose to live, we are delighted that our boutique limited edition offering, one of Miami’s best kept secrets, is a clear choice,” said Phil Gutman, President of Pgutman LLC. “With La Baia’s sales gallery slated to open later this month, the extraordinary sales are a true testament to the overwhelming response that the property has received from savvy buyers from across the U.S. and world.”

“We look forward to continuing to build upon this exciting momentum as we prepare to break ground on La Baia this month,” said Ian Bruce Eichner, founder of The Continuum Company, LLC. “Our buyers recognize the unprecedented value of the privacy and resort-style amenities that makes La Baia a product unlike any other on the market today.”

Located at 9201 East Bay Harbor Drive, La Baia will rise eight stories and will feature 68 luxurious residences with 20-boat slips and more than 30,000 sq. ft. of resort-style amenities. La Baia is designed by Revuelta Architecture and the rooftop amenity deck and lush greenery was envisioned by world-renowned landscape architect Enzo Enea. Residences are sized from one- to four-bedrooms and span between 1,100 to 2,500 square feet. Each La Baia home will be delivered completely finished and ready to be designed, decorated and furnished.

Residences will features well-appointed fixtures and finishes curated by New York-based Durukan Design. Ceiling heights range between 9’ to 10’, there are spacious his-and-her walk-in closets, and balconies with glass railings. Kitchens feature custom Italian cabinetry by Snaidero is complemented by Miele appliances, along with quartz stone countertops and Hansgrohe fixtures. Every La Baia, Bay Harbor Islands primary bathroom and powder room features marble flooring and dual rainfall showers.

Pricing started at $810,000 for a one-bedroom residence when sales launched. The project is slated for completion and delivery in November 2023.

Renderings via Evolution Virtual

For more information about La Baia, private showings or purchasing/ leasing information please fill out the form below:

Casa Bella By B&B Italia Already 20% Reserved As Related Group And Alta Developers Officially Launch Sales

Related Group and Alta Developers have officially launched sales at Casa Bella by B&B Italia. The project was launched roughly a month ago through predominantly a whisper campaign and has already achieved 20% sold with reservations of $80 million. The developers have also released a selection of new renderings.

Inspired by the beauty of Italian living, the Casa Bella team is made up of a renowned group of design luminaries, including B&B Italia, one of the world’s premier design companies, internationally recognized for their innovative, iconic and timeless pieces of furniture. Interiors from lauded Italian design firm Lissoni New York and architecture firm Arquitectonica and Enzo Enea round out the vision. Sales are exclusively handled by Fortune International Realty.

"We’ve controlled this parcel for many years now, and with skyrocketing condo demand and dwindling supply, we are finally ready to move on what will be a neighborhood-defining project,” said Jon Paul Pérez, President of Related. “We are in the middle of one of the most robust markets in Related’s history, a trend we expect will pick up further with the launch of Casa Bella.”

Distilling the best of life on the Italian peninsula, the 55-story Casa Bella will instantly transport residents away from the bustling city center, offering a modern, and refined aesthetic rooted in classic design. Piero Lissoni – who also serves as creative director for B&B Italia in addition to being the project’s interior designer – went to great lengths to imbue the property with the Mediterranean region’s unique brand of luxury.

“With Casa Bella, I want to realize a very contemporary project, and what is more contemporary than B&B Italia, the company whose very essence is contemporary?" said Lissoni.

Building on the "worlds away” feel, Casa Bella will offer two full floors of amenity spaces, complete with dedicated entertainment spaces overlooking Biscayne Bay. These amenities range from a spacious party room to a wine vault and tasting lounge, as well as a top-of-the-line private theatre and co-working spaces. A world-class Wellness Center caters to fitness-minded residents, offering professional-level equipment as well as dedicated yoga and spin rooms. For those looking to relax and unwind, the spa facilities offer on-demand massages, facials, blowouts and manicures/pedicures.

Outdoors, Enzo Enea outfits the pool deck with lush Italian-inspired gardens to create an oasis within Downtown Miami. The 78-foot lap pool is surrounded by private cabanas, shaded lounge areas, as well as an open-air lawn for yoga and meditation. A poolside bar and Mediterranean café will have light bites and refreshments on offer. On the 55th floor, residents and guests can access the tower’s rooftop pool and terrace, complete with a state-of-the-art observatory.

Five-star service completes the residential experience including a personal concierge available to assist residents on- or offsite. This includes housekeeping, grocery shopping and delivery, dry cleaning and laundry, nanny and childcare, overnight shoe-shining, pet care services and personal tech support. Additional benefits include preferred tickets to performances and local events and a complimentary one-year membership of the Grand Bay Beach Club in Key Biscayne.

Located at 1400 Biscayne, the 55-story Casa Bella will enjoy a prime location in Miami’s ‘Arts & Entertainment District,’ coming into its own as the heart of the “new Miami.” The property offers buyers stunning views of Biscayne Bay as well as easy access to nearby hotspots such as the Pérez Art Museum Miami, Frost Museum of Science, the Adrienne Arsht Center for the Performing Arts, FTX Arena. The tower is also just minutes away from Miami Beach and Brickell.

“We are eager to see this exceptional project finally come to life at the right time,” said Raimundo Onetto, Principal & CEO of Alta Developers. “From the masterminds behind the project, to its unparalleled features and amenities, to its location in one of Miami’s fastest evolving neighborhoods, Casa Bella will truly be one of a kind.”

Buyers can choose from a range of floorplans, with the 312 homes ranging from one to four bedrooms. In addition to soaring ceilings and panoramic water views, all residences feature an exquisite selection of European-fixtures and finishes as well as private elevator access. Buyers looking for additional living space can choose from a selection of 24 marquee penthouses ranging from 2,605 to 5,890 square feet. The four upper penthouses feature 12-foot ceilings and wrap-around terraces with incredible water and city views.

For added ease, residents will have the opportunity to work directly with B&B Italia’s celebrated designers to outfit their units. B&B Italia will offer move-in-ready packages with furnishings and décor for each unit type. There is an opportunity for buyers and designers to personalize their units using pieces from B&B Italia collections.

Pricing ranges from $550,000 to $2 million for non-penthouse residences. For more information or to arrange a tour of the sales gallery, please visit CasaBellaResidences.com or call 305-290-1008.

This article was produced in partnership with Casa Bella by B&B Italia

Newgard Development Group's Home-Sharing Tower LOFTY Brickell Now 50% Reserved

Newgard Development Group’s LOFTY Brickelll which offers a flexible home-sharing condo ownership concept has hit 50% sold. The developer plans to open the sales lounge in mid-February. LOFTY Brickell will deliver fully finished and furnished turn-key, residences purposefully designed and licensed to be lived and shared via short-term rentals. LOFTY Brickell will rise 44-stories and is located on the Brickell Riverfront. The tower is expected to break ground Q4 of this year.

“Buyer’s desire for new ways to own and use real estate assets, paired with favorable locations and economics, are nurturing investment growth in our properties,” says Harvey Hernandez, CEO of Newgard Development Group. “We recognize we’re in a state of tremendous transition and increasing numbers of people are discovering they can live and work from anywhere. LOFTY was created for buyers seeking for a modern way to own, live and monetize luxury real estate.

LOFTY features studio, one- and two-bedroom units alongside 40,000 square feet of thoughtfully curated amenities, including a private marina, waterfront dining, members-only social club, resort pool deck and fitness center, indoor/outdoor cigar lounge, co-working lounge and meeting rooms. Interiors are designed by NY-based INC, architecture by Arquitectonica and landscaping by Urban Robot Associates.

“We are witnessing an incredible transition in how people are choosing to live their lives,” said Alicia Cervera Jr. Managing Partner of Cervera. “Buyers want more than a beautiful place to live in, they’re seeking hotel-like amenities with the flexibility and mobility of a local experience, which translates to LOFTY’s initial success of being 50% reserved in just a few months.”

Prices for studios start at $493,000, one bedrooms from $660,000, and two-bedrooms from $794,000. Sales and marketing for LOFTY Brickell are exclusively overseen by Cervera Real Estate.