FEATURED LISTING: Triplex Penthouse #PH1602 in the Miami Beach EDITION Lists for $25.999 Million

#PH1602, The three-level penthouse from atop the Miami Beach EDITION has listed with The Jills for $25.999 Million. The unit was previously listed for $27 million. The 5,246 SF unit features 4 bedrooms, 6 bathrooms and a huge rooftop terrace with views of the Atlantic Ocean, Biscayne Bay, Miami Beach, Sunny Isles, Downtown Miami and Brickell. #PH1602 was was designed by architect John Pawson. The residence features 20-foot floor-to-ceiling windows, teak woods floors, custom staircase, interiors by Steven G., Bulthaup gourmet kitchen and a huge rooftop terrace complete with a summer kitchen, outdoor entertainment area and a 36' private rooftop pool. The Miami Beach EDITION is located at 2901 Collins Ave. Listing and photos by The Jills with Coldwell Banker Real Estate.

Faena Hotel Penthouse Unit 1401 to Hit Market at $14 Million

The fully furnished, two-story penthouse on top of Faena Hotel Miami Beach is slated to hit the market shortly for $50 million. Unit 1401 is one of twelve private residences at the Faena Hotel Miami Beach. The unit is 9,979 SF with an additional 4,435 SF of outdoor space with private terraces and a rooftop deck. It features 6 bedrooms, 5 bathrooms and 4 half-baths. The pricing breaks down to around $5,010 SF. The unit was designed by film producer Baz Luhrmann and designer Catherine Martin to match the art-deco old-world ambiance, luxury and style of the Faena Hotel and district which opened in December 2015 on the site of the former Saxony Hotel. Alan Faena had announced last month that they were shelving the future Faena Versailles residential condominium project in order to better assess the market in favor of a potential hotel at the same location. Listing and photos by Douglas Elliman. 

Casa Grove coming to Coconut Grove Metrorail Station

Casa Grove, a Class A multi-family project is coming to Coconut Grove and will be located just a short distance from the Coconut Grove Metrorail Station. Casa Grove will be a 12-story structure featuring 116 residential units and will be designed by Itec Design. The project will help kick-off the Underline, the new landscaped recreational public space under the metro rail. Public space from Casa Grove will feed into the Underline, providing a seamless connection to the new initiative. It will also offer residents immediate access to the Metrorail and is immediately adjacent to the Coconut Grove Metrorail Station. Casa Grove will be located at 2900 S.W. 28th Lane and will be developed in a joint venture by MEC Development Associates, B Developments and Abington Properties. 

Bay House Proposed in South Beach

Bay House has been proposed in South Beach by TBD Group of Miami. The project is located at 1435 Bay Road and Flamingo Way will be eight residential units. DNA Design and Architecture will be the architect on record. TBD Group of Miami is a division of Arquitectonica Venezuela. They will be maximizing the 13,582 buildable allowance of the lot and applied for several variance including a driveway and setback waivers. The Miami Beach Design Review Board will review November 1. The project will be walking distance to Alton Road, Washington Ave. and Lincoln Road. 

Lighthouse Project dubbed Aston Martin Tower

300 Biscayne Boulevard Way's 66-story lighthouse project in Downtown has been dubbed Aston Martin Tower, bringing yet another high-end car brand to Miami real estate. The project is located at the mouth of the Miami river and will feature 390 units which will start at $2 million, equating to prices which will exceed $1,000 SF. Sales will begin in November with a sales center opening in March 2017. The developers plan to break ground by the summer of 2017 and delivery in 2021. The lot was sold for $125 million to the Coto family of Argentina and G and G Business Development, with Aston Martin Tower as the first of several planned projects. The lot sale was record setting for one acre in Miami. 

Eleven on Lenox Coming to South Beach

Eleven on Lenox from Shoma Group will feature a collection of 11 "ocean-inspired beach homes" which match the "spirit of the coastal retreat, infused with the luxury, style and sophistication of a private home in one of the most desirable neighborhoods." The project will be located at Lenox Ave. and 15th Street. Townhomes will start at $2.9 million and range from 4,403 SF to 4,669 SF. The project is designed by Zyscovich Architects and interior design by Charles Allem. Residences will be three floors and future Gaggenau appliances, smart lighting system, Poliform kitchens, four parking spaces, private elevators, rooftop terrace, summer kitchen and a pool. Eleven on Lenox is walking distance from both Lincoln Road and the beach and will emerge residents in the heart of South Beach.

Kirlin Group Brings 4th Lawsuit Against Design Team at the Patricia & Philip Frost Museum of Science

More drama at the construction site of the future Patricia & Philip Frost Museum of Science in Downtown's Museum Park. Kirlin Florida, a subsidiary of Kirlin Group, has joined Suffolk Construction and other contractors having filed suit in Miami-Dade County Circuit County. The suit alleges that design errors by architects and engineers forced the construction companies to backtrack on their work, making progress difficult and running costs. The design team also did not meet deadlines revising construction plans which then delayed the contractors from meeting their deadlines. Kirlin’s suit names Rodriguez and Architects Chartered, Fraga Engineers, Grimshaw Architects and DDA Engineers. The suit does not name the museum, which is a nonprofit and is located on county-owned land. There are three other currently active suits against the museum’s design team including from Suffolk, Baker Concrete Construction and Formrite Construction. The press team for the museum is holding to a December 2016 completion with an early 2017 opening date. 

Prince Royce Relists Coral Gables Home for $2.99 Million

Geoffrey Royce Rojas, better known as Prince Royce, has resisted his Coral Gables home and he has dropped the price to $2.99 million. The singer originally listed the home for $3.75 million. Royce has established himself with many hits in recent years including "Stand by Me," "Stuck on a Feeling," "Back it Up," and "Corazón Sin Cara." The 5,212 SF home is located at 144 North Prospect Dr. and features 4 bedrooms and 4 bathrooms. It was originally built in 1971 and was designed by Miami architect Hilario Candela before being redesigned in the early 2000's by Victor Vazquez. The home reflects Royce's young and eccentric style with custom furniture throughout including purple chairs and blue paneled kitchen. also features a recording studio, open living concept that lets light flow through the home, a billiards rooms, a master suite with a 2 level master closet, and an outdoor entertainment area with lush landscaping, Summer Kitchen and pool. Royce originally listed the home for $2.33 million in 2013  and originally listed it with Chad Carroll before pulling the listing. The new listing at $2.99 million is with The Jills of Coldwell Banker Real Estate. Photos by Coldwell Banker Real Estate. 

Jade Signature Tops Off at 57 Stories

Fortune International Group's Jade Signature residential condo tower in Sunny Isles Beach has topped off at 57 stories. As of now the tower stands as the second tallest structure in Sunny Isles at 636 feet, just behind Porsche Design Tower which is 641 feet. Muse will pass both to 649 feet by the end of 2016. Jade Signature is located at 16901 Collins Ave. and is slated to open by the end of 2017. The building was designed by Herzog & de Meuron and will feature 192 flow-through units. Prices range from $3.9 million and 1,581 SF for a 1 bedroom + den with 2 baths to $33 million for a 5 bedroom, 6,407 SF penthouse. According to the developer, over 90% of the project has been sold. 

Jade Signature features lush, landscaped grounds with beach access, a beach grill, resort style amenities including a lagoon style pool, fitness center and spa, wine cellar, library, teens lounge, 24 hour concierge and valet along with more five-star amenities that buyers demand in such a high-end, luxury building. Jade Signature features views of the Atlantic Ocean as well as the Intracoastal Waterway. Upon completion Jade Signature will join Jade Ocean and Jade Beach as an integral part of the Sunny Isles skyline. 

Calvin Klein's Miami Beach Mansion on North Bay Road Listed for $15 Million

Photo via FFT

Calvin Klein's personal, private, waterfront sanctuary on Miami Beach's exclusive North Bay Road is currently listed at $15 million. This reflects a price drop of $1 million from when the home was originally listed last year for $16 million. The home is 5 bedrooms and 5 bathrooms with 2 half baths over 5,800 SF and the original structure was built in 1929. The open floor plan oozes European craftsmanship throughout including exposed beam ceilings and light colored wood for historic, beach and zen vibes. The furnishing and antiques are by designer Axel Vervoordt. The home also includes 2,166 SF of outdoor space complete with a courtyard and a one-of-a-kind, sanctuary style, tree-lined infinity pool. There is also a 113' of waterfront with views of Biscayne Bay and a private dock. Klein originally purchased the house in 1929 for around $1.6 million. For years Klein kept the home under wraps, allowing few photos of his Miami Beach tranquil retreat. The home is located at 4452 N Bay Road and is currently listed with Pablo Alfaro of Douglas Elliman Real Estate. Photos by Douglas Elliman Real Estate. Tour the home below.