Fisher Island Townhouse Listed for $3.75 Million

A rare two story townhouse on Fisher Island has listed for $3.75 million. The residence features 3 bedrooms and 3 full bathrooms with one half-bath over 3,164 SF. There are only two of these layouts on fisher island with high double-floor ceilings and expansive bay and city views. It has a chef's kitchen, private elevator, large master-suite, large terrace and spiral staircase. The home is also available for rent at $24,000 per moth. Fisher Island features a private luxury community on an island only accessible by ferry or boat. Amenities include a 9-hole golf club, tennis club, pool and beach club, multiple restaurants, cafe, grocery store, marina and hospital among others. It is currently listed with Elena Bluntzer of ONE Sotheby's International Realty. Photos by ONE Sotheby's International Realty. 

Sunset Place Primed for Redevelopment

The new owners of Coral Gable's Sunset Place are planning to eliminate the mall and redevelop the property into new mixed-use hotel, residential and retail project. The new project will be designed by Zyscovich and will feature 414 residential units and 182 hotel room units. There will also be a pedestrian friendly retail portion with a public square, 30-foot tree lined sidewalks and shady canopy over storefronts. They plan for the store-mix to be more locally curated as opposed to that of standard, 1990 style national mall style chains. They plan to retain AMC Movie Theaters, LA Fitness and GameTime Arcade. The close proximity to transit such as the Gables-South Miami Line. Federal Realty Investment Trust, Grass River Property, and Comras Company purchased the property in 2015 for $110 million and will head-up the redevelopment efforts as they plan to breathe new life into the struggling landmark shops which are now very dated. Plans for the redevelopment effort were recently submitted to the city and they will have an initial public hearing before the city commission votes in early 2017. The partnership also purchased Coconut Grove's Cocowalk earlier this year and will submit plans for a complete makeover of that property as well.  

Sunset Islands Contemporary by Todd Michael Glaser listed for $6.9 Million

A Todd Michael Glaser design is currently listed on Sunset Islands for $6.9 million. The home is located at 2300 Sunset Dr. and features 6 bedrooms and 7 full bathrooms, 1 half-bath over 5,900 SF. It was built in 2016 by famed Miami developer Todd Michael Glaser with architecture by DOMO. It also features a lushly landscaped outdoor entertainment area with pool, cabana and summer kitchen. Listing and photos by David Solomon of EWM Realty. 

Aloft South Beach Sells for $105 Million, Now The Gates Hotel

JMH Development has sold Aloft South Beach to Rockpoint Group for $105 million as of last week. The deal was reported to be for $446,809 per key for the 235-room hotel which will now operate as The Gates Hotel South Beach. JMH Development acquired the property in 2004 for $12.5 million and converted it into a hotel in 2011 with Lightstone Group. It opened as an Aloft Hotel in 2015 and is located at 2630 Collins Ave. on Miami Beach directly across from One Hotel and features Continental Miami, a Stephen Starr American Fusion Restaurant.

New Renderings Released of Hyde Midtown

The Related Group and Dezer Development have released new, updated renderings of Hyde Midtown, their  31 story, 372 ft tall residential condo building in Midtown. The new renderings show a putting green, tennis courts, private dog park along a beautifully landscaped pool area. Designed by Arquitectonica, the residence will feature about 337 condo units and 60 hotel units. The hotel portion of the project will be managed by SBE, who continue to extend their exposure in Miami to Midtown. There will also be 21,745 SF of retail space and 526 parking spaces. Pricing was around $550 SF and the project is around 77% sold. Groundbreaking was in late 2015 and completion is expected near the end of 2017. Recent construction update on Midtown Miami.

Arjun Waney to Open New Latin-Asian Concept DÔA With Flagship Location in South Beach

Arjun Waney, owner of Zuma and Coya, is bringing a new concept to South Beach at 2000 Collins Ave. The London-based restauranteur will launch in new Latin-Asian Fusion concept dubbed DÔA in South Beach. DÔA will have both Asian and Peruvian roots and will be a casual and affordable concept with indoor and outdoor seating. The South Beach location is expected to be the flagship location for the new concept with future locations planned in Washington D.C., Atlanta, Boston and Chicago. It will occupy the 5,200 SF space that was formerly Barezzito and One Lounge across from the Setai. It will feature an open kitchen, central island bar, DJ booth, lounge area and sushi bar. 

Kimpton Hotels to Bring Hotel Palomar to Sunset Harbour

Kimpton Hotels is bringing a new luxury boutique hotel to one of Miami Beach's hottest neighborhoods, Sunset Harbour. Hotel Palomar South Beach will be a 96-unit luxury boutique hotel located at 1750 Alton Road. It will be Kimpton's 8th hotel in Florida and will be developed by The Finvarb Group and designed by architect Kobi Karp. The five-story hotel will feature a central atrium, canopy-inspired rooftop pool, restaurant, spa and fitness center. 

Downtown Miami Population is Surging

The population of Downtown Miami has grown by great lengths since 2010, according to a new report by the Miami Downtown Development Authority. Downtown Miami now has 88,540 residents, up over 150% since 2000 and over 32% since 2010. The average household income is more than double the national average, at $110,000 annually and over 50% of residents have a college degree. These numbers are primed to continue to rise as more units hit the market in Downtown including One Thousand Museum, Paramount World Center and the recently delivered Centro. Additionally the MiamiCentral Station and the Brightline will begin opening up Downtown Miami to easier access by train via Orlando, Palm Beach and other Florida metropolitan cities.

Allison Island Spec Home Lists for $24 Million

More noise in Indian Creek as 6480 Allison Road on Miami Beach as listed for $24 million. The home is a spec home designed by Ralph Choeff of CLF Architects. It was recently completed and is 10,632 SF featuring 7 bedrooms, 11 bathrooms and over 110 SF of waterfront. It features floor-to-ceiling glass windows, a contemporary kitchen with a modern island/ dinner table combo, home theater, 2,400 SF master suite, 2 twenty foot living walls, 3 car garage, wine cellar, a pond system and tranquil water features throughout the property helping to enhance the landscape and a saltwater infinity edge pool complete with pool house. It is all located on the extremely private, gated Allison Island on Miami Beach. The property last sold for $4.4 million in 2013. It is currently listed for $24 million with Jeri Jenkins of Caldwell Banker Residential Real Estate. 

Casa Bahia in Coconut Grove Lists for $50 Million

Miami has a new mega-listing and it just happens to be making another splash in Coconut Grove. Casa Bahia, a 13,483 SF waterfront mansion has just listed for a cool $50 million. It was designed by Alejandro Landes in partnership with Zyscovich Architects and built in 2015 and won the Architizer Popular Choice A+ Award in the Architcture + Water category. The home features 7 bedrooms and 8 bathrooms with 4 kitchens and sits on 1 acre. It also features a home theater, wine room, 8 car garage/ gallery, private dock on 518 ft of waterfront and infinity pool. It is currently listed by Pablo Alfaro of Douglas Elliman Real Estate. Photos by Douglas Elliman.