Tesla has introduced new Solar Panels designed for residential home use which are integrated with their Powerwall home battery storage system. This major shake-up makes Tesla's solar power technology more attainable for those who do not wish to replace their entire roofs. The Solar Panels will be low profile with no visible mounting hardware and front skirts to hide the panels. They link directly into Tesla's Powerwall home battery storage system. Tesla acquired SolarCity last year in a merger that had many skeptical, but since the partnership has been progressing quite nicely as the panels will be available to consumers this summer.
Oscar Rodriguez, Chef Giorgio Rapicavoli and Daniel de la Vega (shown left to right)
The Fairchild Coconut Grove Unveils Chef-Inspired Kitchens in An Evening With Celebrity Chef Giorgio Rapicavoli
The Fairchild Coconut Grove unveiled its chef-inspired, gourmet kitchens to top brokers last week in an evening that featured celebrity chef and winner of Food Network's "Chopped" Giorgio Rapicavoli of Glass & Vine. He offered a cooking demonstration right in the sales center's gourmet model kitchen as guests got a chance to experience the bayfront, indoor/outdoor lifestyle that The Fairchild Coconut Grove offers. Developers Oscar Rodriguez and Ricardo Vadia ROVR Development welcomed guests to the 26-unit luxury, boutique development in Coconut Grove that is located in a private enclave on Biscayne Bay. The Fairchild Coconut Grove is designed by local architect Max Strang in collaboration with interior designer Rafael de Cárdenas. Residences range from 2 to 4 bedroom layouts and 1,700 SF to over 4,200 SF. Prices start at around $1.4 million and range up to $4.5 million, at over $1,000 SF. Amenities include a spa, two rooftop decks, a pool and a bay front deck with private boat slips available for purchase. The project is expected to break ground later this year with delivery expected in 2018. Pre-sales are underway via One Sotheby's International Realty.
Check out photos of The Fairchild Coconut Grove Sales Gallery.
Check out our PROFILE Exclusive Interview with developer Oscar Rodriguez of ROVR Development.
Chef Giorgio Rapicavoli of Vine & Glass
Developers Oscar Rodriguez (L) and Ricardo Vadia (R) of ROVR Development
Sandra Masis, Patrick Vysata, Carmen Gamarra and Oscar Rodriguez (shown left to right)
Oscar Rodriguez, Daniel de la Vega and Ricardo Vadia (shown left to right)
YOTEL Hotel & Apartments Submits New Proposal to Miami's Planning Department
YOTEL Hotel & Apartments submitted a new proposal that removes the parking garage to Miami’s Planning Department. Due to the locations proximity to the Metromover, the zoning does not require parking for residential units. The proposal includes offsite parking for the hotel units as well as a scaled back plan for the tower that adjusts the project rom 45-stories to 29-stories which would house 188 apartment units and 225 hotel rooms. The previous 45-story proposal had 180 apartment units and 262 hotel rooms with a 10 story garage that had 144 spaces. YOTEL Hotel & Apartments is being developed in a joint venture between Aria Development Group with the Kuwaiti firm Agarat. The building is being designed by Stantec and will be reviewed by Miami's Urban Development Review Board next week. The YOTEL brand offers affordable hotels with micro-hotel style accommodations with locations in New York City, London Heathrow, London Gatwick, Amsterdam Schiphol, and Paris amongst others.
Elysee Unveils Les Grandes Maisons Limited-Edition Collection of Residences
Elysee, a luxury boutique high-rise under development in Edgewater neighborhood from Two Roads Development has unveiled Les Grandes Maisons, a collection of limited-edition residences. Les Grandes Maisons will be among the largest, most luxurious residences in the building and will be located on the upper floors from 46-56. The residences feature large 5-bedroom floorplans measuring up to 3,891 SF. They come complete with penthouse-level upgrades, extra-deep balconies, and a suite of integrated health and wellness enhancements including an aromatherpy infurser integrated HVAC system, LEED-Certified Wellness Habitat interior paint with antibacterial, anti-mold and odor-eliminating properties and a pre-installed water filtration system that eliminates impurities. Buyers will have the option to have their residences designed by famed Parisian interior-designer Jean-Louis Deniot. Elysee’s Les Grandes Maisons start at $2.8 million.
Elysee is a 57-story bayfront, hyper-luxury condo tower that features 100 half-floor and full-floor residences, located at 788 NE 23rd Street. The building is designed by world-renowned architect Bernardo Fort-Brescia of Arquitectonica with interiors created by France’s top designer Jean-Louis Deniot. Residences include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10 to 12-foot ceiling heights, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, and flow-through floorplans with 2-terraces for sunrise and sunset views. Amenities include 2 resort style pools, a health club with state-of-the-art fitness center, yoga studio, spa with sauna, steam and shower facilities and private massage rooms, exclusive entire 30th floor Owners Sky Lounge featuring a great room, a grand salon entertainment area with a full bar and piano lounge, grand dining room, wine room, chef’s kitchen, library, and Elysee Attaché, a premium concierge service that will be available to residents 24/7 for travel arrangements, dinner reservations, concert and event tickets, etc. Construction is expected to get underway in 2017 with an expected delivery in 2019.
Jungle Island Sold For $60 million, $15 million in cash, To ESJ Capital Partners, Plans to Add Zip Lines & Water Park
Jungle Island has sold to ESJ Capital Partners for $60 million. In the deal, $15 million will be cash and the rest of the $45 million will include the assumption of the the current mortgage on the property. The deal transfers the existing lease on the city owned Watson Island to ESJ Capital Partners. The new owners plan to add over 7 zip lines and a water park for the summer to the 18-acre attraction on Watson Island, right off of the MacArthur Causeway. The renovations will come over three-phases over 2 years with the plan to increase the number of visitors and revenue. A 260-room hotel has also been proposed but requires a voter referendum from the City of Miami. Other upgrades to the facilities will include a private beach club, updated dining and food facilities as well as banquet facilities. Jungle Island will still be managed by John Dunlap and Iconic Attractions Group.
“This is a once-in-a-lifetime opportunity to capitalize on the heritage of Parrot Jungle, then Jungle Island, and create a truly unique experience within an urban setting,” said Gabriel Amiel, Chairman and co-Founder of ESJ Capital Partners.
Hyperloop One Announces Hyperloop Florida Connecting Miami to Orlando in 26 Minutes
Miami to Orlando could become one of the first opporating Hyperloop routes in the country, connecting the two cultural hubs in a mere 26 minutes. The current travel time between the two cities is 3 1/2 hours by car or 1 hour by plane. The route was proposed as a finalist by Hyperloop One, the company developing the world's first Hyperloop, who has been working closely with the Florida Department of Transportation. From the final routes, the company will select two or three to build first. The Miami to Orlando loop would open up transportation not only for tourists, but also for cargo from Port of Miami. It would also allow for further expansion to Atlanta and Chicago. In Hyperloop One, passengers and cargo are loaded into a pod which is accelerated with electric propulsion in low-pressure tubes. The first routes considered are among the most high-traffic routes in the country for both trade and tourism.
“Hyperloop One is the only company in the world building an operational commercial Hyperloop system. This disruptive technology – conceived, developed and built in the U.S. – will move passengers and cargo faster, cleaner and more efficiently. It will transform transportation as we know it and create a more connected world,” said Rob Lloyd, CEO of Hyperloop One.
Fortune International Group Reports Over $51 Million in Sales in Q1 2017 at Jade Signature in Sunny Isles Beach
Fortune International Group has announced over $51 million in sales in Q1 of 2017 at their 57-story project Jade Signature in Sunny Isles Beach. The building was designed by Pritzker Prize-winning architecture firm and design consultants, Herzog & de Meuron, with interior design by Parisian firm PYR by Pierre-Yves Rochon and landscaping by famed landscape architect Raymond Jungles. Fortune International Group rolled out their last few units, which they had held as The Collection, which features the largest and most expensive units in the building, as well as registered Jade Signature in for marketing in New York. These factors led to The Collection units selling extremely well including two, $14.2 million Sky Villas. Other listings include 3 to 5 bedroom residences as well as Sky Villas and lower Penthouses from the Collection priced from $2.175 to $32.9 million.
“Now that Jade Signature is nearing completion, buyers can truly understand the high-quality work that our design team produces. They can tour the expansive spaces from their home in New York or on their vacation in Europe using our virtual reality app, and achieving that sense of place is key to our sales efforts. It’s important to us that buyers are able to imagine their lives in Miami, and I am proud to say that we are accomplishing just that,” says Edgardo Defortuna, the President and CEO of Fortune International Group. Fortune International Group was founded by Edgardo Defortuna in 1983 and the company has since been leaders in luxury real estate in South Florida. Their past projects include Jade Residences at Brickell Bay, Jade Beach, Jade Ocean, 1200 Brickell, Auberge Beach Residences and Spa Fort Lauderdale, HYDE Resort and Residences Hollywood, and The Ritz Carlton Residences Sunny Isles Beach amongst others.
Brickell Flatiron April 2017 Construction Update
Ugo Colombo's CMC Group Closes $236 Million Construction Loan for Brickell Flatiron
Last Friday, Ugo Colombo’s CMC Group closed on a $236 million construction loan for Brickell Flatiron. The 64-story, 549-unit condo tower is currently under construction in Miami's Brickell Financial District and is scheduled to be completed in 2019. Brickell Flatiron is over 60% sold and are under hard contract, bringing the total sales volume to over $300 million. This follows large construction loans recently closed on by major developers such as the $225 million loan for the Zaha Hadid designed One Thousand Museum and $285 million loan for PARAMOUNT Miami Worldcenter.
"CMC Group’s construction financing for Brickell Flatiron is a reflection of rising demand for well-located properties in Miami’s urban core, and Ugo Colombo's long track record of building the most sought-after condos in Miami – dating back to Bristol Tower, Santa Maria, Grovenor House and Epic Residences. Now more than ever before, today’s lenders are putting added emphasis on properties benefitting from a well-capitalized sponsor, and CMC Group has proven its ability to deliver many of Miami’s most valuable, landmark towers over the past 25 years,” said Jim Shindell, co-chair of the real estate group at Bilzin Sumberg and the attorney who represented CMC Group in securing the construction loan.
Cigar Room @ Brickell Flatrion
Brickell Flatiron is a 64-story, 549-unit luxury condominium tower from famed Miami developer Ugo Colombo and his CMC Group. It will be among the tallest residential towers in the United States when completed, rising 736 feet. The tower was designed by Luis Revuelta with an iconic flatiron shape with interiors by Massimo Iosa Ghini of Italy’s Iosa Ghini Associati. Units range from 1 to 5 bedrooms starting at $500,000 and ranging up to $15.5 million for penthouses. All units will be adorned with the finest finishes, including Italian-made custom cabinets, stainless steel appliances, Italian marble floors, high ceilings with recessed lighting, custom Italian doors, energy-efficient windows, and glass balcony railings. Brickell Flatiron's amenities include an 18th floor amenity deck with a resort style pool, 24-hour concierge, billiard and cigar room, wine cellar, valet, electric car charging stations and a 64th-floor rooftop that will feature a Sky Spa, Sky Pool and Sky Gym along with stunning 360 views of Biscayne Bay, Brickell, Downtown Miami, Coral Gables, etc.
Wine Bar @ Brickell Flatiron
Design District's Former Location of Philipp Plein's Billionaire Flagship Sells for $8.125 Million
The iconic, historic Design District building that at 4000 NE 2nd Avenue that has served as the former Buena Vista Post Office as well as the former home of designer Philipp Plein's Billionaire brand's flagship location, has sold for $8.125 million. Sale closes at $3,552 per square foot for the 2,287 SF building that was originally built in 1921. The buyer, according to The Real Deal, was the same New York-based investment group which purchased Power Studios, also in the Design District, in June 2015. Chariff Realty Group President Lyle Chariff and Steve Budin purchased the building for $479,000 in 2003. When Plein purchased Billionaire, which was already in the space, a new agreement for the space could not be met and the building was put for sale. The sale is just one of an increasing number of high-priced deals on Design District real estate which as seen Redsky Capital and JZ Capital Partners invested over $233 million in Design District, Harbor Group International purchased a retail building for $21.5 million located at 111 Northeast 40th Street at $2,445 SF, and David Edelstein and partners purchased 140 NE 40th Street for $10 million at $3,704 SF.
Full-Floor Unit at Glass South Beach in Miami Beach's Exclusive South-of-Fifth Neighborhood Lists for $12.9 Million
The entire 12th floor at Glass South Beach has been listed for $12.9 million. The unit is 3,374 SF and features 3 bedrooms, 3.5 bathrooms and 2,000 SF of outdoor space. The beautifully designed turn-key unit also features white oak flooring throughout, custom Ornare closets, 10-foot ceilings, marble kitchen and bathrooms, Gaggenau appliances, and breathtaking views of the Atlantic Ocean. Glass South Beach was designed by Rene Gonzalez and features access to a private beach club, full-service gym and pool, 24 hour valet, concierge and security as well as housekeeping. Glass South Beach is located in the prime South-of-Fifth neighborhood with some of Miami's finest restaurants, parks and beaches right outside the front door. The 12th floor is currently listed with Eloy Carmenate and Mick Duchon of Douglas Elliman Real EState.