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PROFILEmiami South Florida Real Estate Development News

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NP International Secures $158.4 In Construction Financing & Gears Up To Break Ground on Gables Station

NP International Secures $158.4 Million In Construction Financing & Gears Up To Break Ground on Gables Station

January 7, 2018

NP International has locked down a $158.4 million construction loan and are gearing up to break ground on Gables Station, a transit-oriented mixed-use project with 120,000 SF of retail space, 500 residential units and 66 hotel units.

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In Construction Update, Coral Gables, Commercial, News, Retail, Public Space, Hotels, Finance & Banking Tags NP International, Construction Loan, Finance, Financing, Bank of the Ozarks, Gables Station, Brent Reynolds, Commercial, Retail, New Construction, Pre-Construction, Coral Gables, Construction Update, News, Hotel, Hotels, Mixed Use
The Markers Grove Isle Given The Green Light To Move Ahead With Development On Grove Isle

The Markers Grove Isle Given The Green Light To Move Ahead With Development On Grove Isle

January 5, 2018

Afters nearly 5 years of litigation, The Markers Grove Isle, located on Coconut Grove's Grove Isle, has reportedly received the green light to move ahead with sales. No construction permits have been issued at this time as the anti-development movement against the project has not backed down. 

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In Coconut Grove, Construction Update, News, Sales Update Tags Coconut Grove, The Markers Grove Isle, EDSA, Bernardi and Peschard, CallisonRTKL, Grove Isle Associates, New Construction, Pre-Construction, Grove Isle, Construction Update, Sales Update, News, Featured
Miami Worldcenter Locks Down $43 Million Construction Loan For Retail Component

Miami Worldcenter Locks Down $43 Million Construction Loan For Retail Component

January 5, 2018

Miami Worldcenter Associates led by Art Falcone and Nitin Motwani have just closed on a $43 million construction loan for the retail component of the $2 billion Miami Worldcenter mixed-use mega-project in the Park West neighborhood of Downtown Miami. 

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In Commercial, Downtown, Finance & Banking, News, Retail Tags Finance, Financing, News, New Construction, Miami Worldcenter, Park West, Downtown, Retail, Commercial, Miami Worldcenter Associates, The Forbes Company, Taubman Centers, MDM Group, Elkus Manfredi Architects, Art Falcone, Nitin Motwani
Brightline To Begin Passenger Rail Service Between West Palm Beach And Fort Lauderdale January 8th

Brightline To Begin Passenger Rail Service Between West Palm Beach And Fort Lauderdale January 8th

January 4, 2018

Brightline will be launching South Florida into the future in early 2018 as they have announced that they will begin their inaugural rail service between West Palm Beach and Fort Lauderdale the week of January 8, 2018.

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In Construction Update, Fort Lauderdale, News, Palm Beach, Transportation Tags News, Transportation, Construction Update, Construction Loan, Palm Beach, Broward, Public Transportation, Fort Lauderdale, West Palm Beach, Brightline
Check-Out The New Gucci Store Now Open In Miami Design District

Check-Out The New Gucci Flagship Boutique Now Open In Miami Design District

January 3, 2018

During Art Basel PROFILEmiami got an exclusive first look at Miami's newest Gucci store which opened last month in the fast growing, fashion hotspot Miami Design District. The MDD location will become Gucci's Miami flagship and will also feature the full Gucci Décor collection available for sale.

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In Commercial, Construction Update, Design District, News, Retail, Miami Design District Tags News, Miami Design District Associates, Miami Design District, Gucci, MDD, Commercial, Retail, Paradise Plaza, Alessandro Michele, Construction Update, Design District Development Partners, Design District, Gucci Décor, Coco Capitán, Featured
Miami Named The United State's 4th Most Valuable Housing Market By Zillow Report At $864.2 Billion

Miami Named The United State's 4th Most Valuable Housing Market By Zillow Report At $864.2 Billion

January 3, 2018

Miami is fast on the rise and a new Zillow report has named the city the 4th most valuable housing market in the United States with a value of $864.2 billion, up 4.7% year-over-year from 2016. Miami trails Los Angeles which has a market value of $2.7 trillion and New York City which has a market value of $2.6 trillion.

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In News, Market Report, Market Insight Tags Market Insight, Market Report, News, Zillow, Market Value
Explore the Grounds of Casa del Ensuenos, The 1923 Lakefront Palm Beach Estate Asking $32.5 Million

Explore the Grounds of Casa del Ensuenos, The 1923 Lakefront Palm Beach Estate Asking $32.5 Million

January 2, 2018

Built in 1923, Casa del Ensuenos is a classic Palm Beach estate located in the Estate Section on the market asking $32.5 million. The lakefront estate was designed by famed architect Addison Mizner, who in the 1920's was one of the most well-known American architects.

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In Featured Listing, Luxury Homes, Palm Beach Tags Palm Beach, Estate, Addison Mizner, Featured Listings, Featured, Luxury Real Estate, Casa del Ensuenos
Construction Update: Missoni Baia Releases New Drone Video Showing Construction Teams Powering Through Phase 1

Construction Update: Missoni Baia Releases New Drone Video Showing Construction Teams Powering Through Phase 1

January 1, 2018

Vladislav Doronin's OKO Group has released a new drone video showing construction teams powering through the first phase of construction. Since breaking ground in October 2017, 190 piles totaling over 12,000 linear feet have been installed along with 150 tons of steel reinforcing bar, and over 1,000 cubic yards of grout and concrete. 

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In Construction Update, Edgewater, News Tags New Construction, News, Construction Update, Missoni Baia, Missoni, Edgewater, Featured
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PROFILEmiami’s Top 5 Of 2017

December 31, 2017

It’s that time of year again. While most of the United States is stuck in a New Years icebox, the sun is shining bright on Miami. 2017 was a big year for Miami real estate as towers such as One Thousand Museum and  Panorama Tower reached for the sky, pushing Miami’s skyline to new heights while others such as Grove at Grand Bay and Brickell Heights officially opened their doors to residents. The luxury residential market also saw a huge year as many of Miami’s most lavish and exclusive estates hit the market and traded hands for record breaking prices. Here is PROFILEmiami’s Top 5 Moments from 2017:

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1. Zaha Hadid's One Thousand Museum Reveals Artefacto Designed Preview Residence 

In November, the Zaha Hadid-designed One Thousand Museum revealed the first look at their uber-luxe "preview residence" furnished by Miami-based Brazilian furnishing brand, Artefacto and designed by Joao Armentano. Artefacto outfitted the fully-built out 17th floor's interiors, fusing Zaha’s futuristic aesthetic with the brand’s signature Brazilian approach to contemporary design. Paulo Bacchi, President and CEO of Artefacto, hand selected items from the brand’s newest collection, which hit showrooms last summer in celebration of their 15th anniversary. The 4,635 SF residence features 4 bedrooms and 5 bathrooms with a half-bath. The unit features elegant and timeless warm tones and clean lines to complement the building’s curvaceous architecture, floor-to-ceiling windows overlooking the bay and Museum Park, and an impressive art collection curated by Sarah Jane Bruce (SJB Fine Art Services) and Flavia Masetto (Flavia Masetto Fine Arts). Once completed the residence sold within days for $6.8 million. Tour the lavish residence here. 

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2. Fly Through A Choeff Levy Fischman Designed Palm Island Mansion With A 15’ Waterfall 

Palm Island was hot with news through 2017 including 280 South Coconut Lane on Palm Island hitting the market for $10.8 million and Birdman’s estate falling into bankruptcy, but at PROFILEmiami we have to give the cake to the Choeff Levy Fischman-designed 73 Pam Avenue. 73 Palm Avenue is a 13,676 SF waterfront villa that features 9 bedrooms, 10 bathrooms and 1 powder room. The two-story contemporary also features a private rooftop terrace, disappearing sliding glass doors to optimize indoor/ outdoor living, 15' cascading water feature that empties into a reflecting pond with large stepping-stones creates a floating illusion and greets guests at the home’s main entrance, a statuesque three-story staircase, LED lighting, custom Italian kitchen, Crestron automated smart home, home theater, wine cellar, fully furnished throughout with Minotti, Poliform and other fine furnishings, 4-car garage suites and an elevator. Outdoors, the home features a 2,500 SF roof top terrace with summer kitchen, oversized infinity-edge pool, a secluded hot tub off the master bedroom terrace and 100' waterfront frontage. The home was designed around the giant Banyan tree located near the water in the backyard. 73 Palm Ave. is currently listed for $29,500,000 with Mirce Curkoski and Albert Justo of One Sotheby's International Realty. Tour the spectacular estate here. 

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3. PROFILE Exclusive: Inside One Thousand Museum with Louis Birdman, Co-Developer Behind The Uber-Lux, Zaha Hadid-Designed Futuristic Tower

In August PROFILEmiami had the exclusive opportunity to sit down with Louis Birdman, one of the co-developers behind One Thousand Museum by Zaha Hadid Architects, to discuss the futuristic, ultra-luxury, condo tower. Louis tackles everything from working with legendary architect Zaha Hadid, to tackling the luxury market and the unique GFRC exoskeleton design that makes up the tower's unique, skyline changing, iconic design. Take a look inside the mind of one of the masterminds transforming Downtown Miami into a vibrant, modern, world-class city center.

PM: No developer had touched creating ultra-luxury in downtown Miami up until this point. What made you guys say let's be the first?

LB: When we started to see the market coming back. There was a period of time when the market imploded. It wasn’t just a Miami issue, it was a global banking issue. The first real estate market that started to rebound was New York, and shortly thereafter came Miami. The profile of buyers changed dramatically from the last peak in the market, where it was a highly speculative market that lots of investors highly leveraged. This time around, the buyers for condo products, particularly in Miami, were more focused on luxury. They were investors, but they were also end users. With a large flow of capital domestically and in Latin America, Miami has been one of the places that people look to invest in real estate. Continue reading the exclusive interview here. 

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4. PROFILE Exclusive: Transforming Coconut Grove with David Martin of Terra

In March PROFILEmiami had the exclusive opportunity to sit down with David Martin, one of the founders of Terra and the mastermind behind Park Grove and Grove at Grand Bay. Find out how he is helping transform Coconut Grove into one of Miami's hottest neighborhoods.

PM: You guys have been integral in transforming Coconut Grove. What do you think of the recent new developments in Coconut Grove and the new energy they have brought?

DM: I think it is about time. I think that the world and the city is realizing a lot of the amazing assets thats Coconut Grove has. It has amazing parks, amazing schools, amazing people. Geographically it is strategically located to a lot of different other neighborhoods as well. Now with the Grove at Grand Bay project that we did, it was big, and now Park Grove with Related, I think that this is developing into a neighborhood with new architecture as well as with some of the old Florida architecture as well. It has a good diversity and design and I think that there is a lot of new restaurants that are coming and a lot of new retail. Coconut Grove is a neighborhood that has a lot of components but it is very quite and peaceful. That quiet innocence is what people are looking for to raise their families, or spend time with their families. A lot of our buyers are empty nesters so they're looking for urbanism and walkability so that tree canopy here and walkability is very important as well. Continue reading the exclusive interview here.

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5. Inside PROFILEmiami’s Five Star Stay at The Residences at W Fort Lauderdale

In September PROFILEmiami had the exclusive opportunity to stay at W Residences Fort Lauderdale, located directly on Fort Lauderdale's pristine beaches and the Atlantic Ocean. After a $60 million renovation overseen by Related Companies and Meyer Davis Studio, W Fort Lauderdale is one of the finest options on Fort Lauderdale's seaside A1A strip. The two-tower property features luxurious, nautical private condominium residences and hotel, all with direct ocean views. W Fort Lauderdale’s five-star amenities and services feature a high-end beach club, full-service pools, multiple restaurants and eateries, spa, fitness center, nightlife and full-service staff. Buyers at W Residences Fort Lauderdale are investing in the brand’s lifestyle offerings. They can enjoy the quality service, amenities and hospitality that W Hotels are internationally known for. Whether you are looking for a beachside weekend escape, full-time residence, part-time residence or rental-income property, W Residences Fort Lauderdale is a prime beachfront option. Read PROFILEmiami’s full review of our five-star stay here. 

In News, Features Tags Featured, Zaha Hadid Architects, Palm Island, Year In Review, Choeff Levy Fischman, David Martin, 73 Palm Avenue, Top 5, Terra Group, Zaha Hadid, Louis Birdman, Terra, W Fort Lauderdale, One Thousand Museum
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Florida Named Second Fastest Growing State Averaging 900 New Residents Per Day

Florida Named Second Fastest Growing State Averaging 900 New Residents Per Day

December 30, 2017

Florida has been named the second fastest growing state according to the United States Census Bureau, trailing only Texas. Florida added 327,811 new residents between July 1, 2016 and July 1, 2017, about 900 new residents per day. 

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In News, Market Insight Tags News, Market Insight, Market Outlook, Tax, Tax Cuts and Jobs Act of 2017, Census, Population Report, Population Growth, Florida
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