Tag Archives: biscayne bay

Downtown Miami Site Sells for $1.225 Billion

David Martin of Terra Group Acquires Prime 15.5 Acre Previous Miami Herald Site in Downtown Miami for $1.225 Billion from the Genting Group

Downtown Miami Site Sells for $1.225 Billion

Terms have been agreed upon for the purchase of a 15.5-acre development property on Biscayne Bay in Downtown Miami by SmartCity Miami LLC, an investment company led by Miami-based Terra and its CEO, David Martin. Genting Group will sell the property to the organization for $1.225 billion (USD). The closing is scheduled for later this year.

The property, which is located at 1431 N Bayshore Drive in Miami, has 800 linear feet of direct Biscayne Bay frontage and highly aggressive zoning in one of the city’s most vibrant and connected neighborhoods. A notable mixed-use commercial, retail, residential, hospitality, and entertainment destination could be developed on the location.

The buyer of the property is a longtime Miami resident, Miamian David Martin, CEO of a Miami-based development firm, Terra Group.

 
 
 
 
 
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According to Martin, “This is a prized piece of real estate in the heart of one of the world’s most dynamic and fastest-growing cities, and we are honored to have been selected as the property’s next owner. At Terra, we have a long history of enhancing communities and transforming neighborhoods through careful planning, beautiful design, and a focus on connectivity and resiliency. Our development on Biscayne Bay will continue this tradition. “

Martin continues, “The scale and location of this site offers the opportunity to do something spectacular, something that all Miamians can take pride in, and we will deliver nothing short of that. For now, our team is focused on understanding the full potential of the property and the surrounding area. Our vision will evolve as we learn more. Over time, we will arrive at a plan that elevates Downtown Miami, improves access to the waterfront, and is welcomed by our community.”

The rare riverfront location in the Omni District was valued at just about $1.5 billion. The 15.5-acre development site, known as BayCity Miami, now hosts ArtMiami’s Art Wynwood show in February as well as CONTEXT Art Miami every year during Miami Art Week. The Miami Herald’s main office had stood on the land and was destroyed in 2014.

The Resorts World operator Genting Group, which owns 10 acres of land west of Biscayne Boulevard, will continue to be involved in the Omni neighborhood. Genting Group is one of the biggest resort, entertainment, and gambling organizations in the world.

The property, which spans many lots and once housed the Miami Herald’s headquarters, is zoned RTZ for mixed-use in Miami-Dade and is in the Metromover subzone (Rapid Transit Zone). The land has limitless buildable square footage, no setbacks, a height limited only by the FAA standards (649 feet), and a potential density of more than 8,000 units according to South Florida’s most benevolent zoning designation. The RTZ zoning offers builders a sizable, incredibly flexible building envelope as well as the chance to create a unique waterfront development on the site.

By comparison, Miami Worldcenter is 27 acres.

The Residences at Shell Bay in Hallandale Beach

Introducing The Residences at Shell Bay in Hallandale Beach

The Residences at Shell Bay in Hallandale Beach

The exquisite Residences at Shell Bay in Hallandale Beach offer ultra-luxurious and upscale living thanks to this upcoming partnership with Auberge Resorts Collection, which will include 108 custom residences, a championship golf course, an entertainment lounge, a cutting-edge wellness center, a 48-slip private yacht club, and a ton of restaurants. The stunning residences, which are a hallmark of the Auberge Resorts Collection, cater to a new frontier of affluent and global lifestyle.

The Residences at Shell Bay are being developed by the world-renowned developer, Newgard Development Group. The building is a stunning 22-stories with units ranging from one to four bedrooms. The tower boasts floor-to-ceiling windows that provide an abundance of natural light and stunning views of the Miami skyline and Biscayne Bay.

The Residences at Shell Bay offer a range of amenities that cater to the needs of its residents, including a state-of-the-art fitness center, a swimming pool, and a lounge area. The building also features a 24-hour concierge service and valet parking, ensuring that residents have all the assistance they need to enjoy a comfortable and stress-free lifestyle.

The interior design of the Residences at Shell Bay is nothing short of spectacular featuring high-end finishes and luxurious details, such as Italian porcelain flooring, custom Italian cabinetry, and premium kitchen appliances from Sub-Zero and Wolf. The bathrooms are outfitted with marble countertops, glass-enclosed showers, and designer fixtures.

Residents at Shell Bay enjoy easy access to Miami’s finest attractions. The building is situated just a few minutes away from the city’s best beaches, restaurants, and shopping destinations. The location also provides easy access to some of Miami’s most iconic landmarks, such as the Miami Beach Boardwalk, the Art Deco Historic District, and the Miami Beach Marina.

The golf course is planned to open in Q4 of 2023 and the residences are anticipated to be complete in 2026. If you or someone you know have an interest in purchasing at The Residences at Shell Bay, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Biscayne 21

Plans Filed for 3 Tower Development – Biscayne 21

 Biscayne 21 Rendering

Plans for the highly anticipated three-tower mixed-use development called Biscayne 21 has been submitted to the Urban Development Review Board located at 2121 North Bayshore Drive in Edgewater, Miami.

The project will feature 606 multifamily units spread across three residential towers that are 649 feet tall, 8,433 square feet of ground-floor retail space, 971 parking spots, a complete amenity package, and more than 800 linear feet of a new waterfront promenade. Arquitectonica, EDSA, Longitude Surveyors, and Langan Engineering are just a few of the project’s remarkable roster of architects and engineers.

The property, which is in a superb location with stunning views of Biscayne Bay to the east and the Biscayne Bay Inlet to the south, is located on the southeast corner of North Bayshore Road and Northeast 22nd Street.

The Edgewater skyline will be dominated by two twin skyscrapers that rise 56 stories in height and a third that is 55 stories high. The twin towers (South Tower One & South Tower Two), which are unbranded, will each have 210 residential units, while the structure known as the East Tower, also known as EDITION Residences, will have 186 residential units. The overall square footage of the project is divided into 333,463 square foot parking garage, 430,132 square feet between the two unbranded buildings, and 639,824 square feet For EDITION Residences. The project’s outstanding overall square footage is 1,841,984 square feet.

The buildings at Biscayne 21 will have an exterior that combines a variety of high-quality materials. Glass with clear view, white-painted stucco frames, and other accessories will produce a contemporary and uncluttered appearance. Mechanical screens and painted metal or fiberglass with fake foliage, together with a creative painting, will add a natural touch to the parking structure. Moreover, mechanical screens will wrap around the tops of each tower. The project’s most recent renderings are shown here, along with the project’s cover image.

The East Tower (EDITION) will have a more sinuous and elliptical form, distinguished by a carve into the structure on the north side that creates concave balconies and a sense of architectural grandeur on the skyline, while the twin towers will have a striking rectilinear design, with the superstructure punctuated by cuts lined with concrete frames that reveal elegant balconies.

EDITION will offer condominiums with unit sizes ranging from one to four bedrooms and five-bedroom penthouses covering 1,952 square feet to 8,466 square feet. The two additional buildings have condominiums as well, with one to three-bedroom units measuring 915 to 2,190 square feet each.

Amenities:

  • Pool deck
  • Indoor fitness center
  • Sauna
  • Lounge and juice bar
  • Multi-use space
  • Entertainment room
  • Meeting room
  • Bridge connects each tower

Two Roads Development is requesting a number of waivers for the Biscayne 21 project, including a small reduction in tower spacing, two driveways separated by less than 60 feet, a reduction is required parking of up to 30%, parking above the first story to extend into the second layer, and pedestrian entrances more than 75 feet apart. Due to the property’s special configuration with two waterfront frontages and to guarantee compliance with the Transect Zone regulations, the exceptions have been requested.

The proposed project for Biscayne 21 and the waivers requested by Two Roads Development adhere to Miami 21’s guiding principles, which include fostering infill and redevelopment, encouraging mixed-use development, offering public transportation as an alternative to driving, and supporting compact, pedestrian-friendly communities. The project offers public spaces, such as waterfront walkways along the South and East frontages, as well as an energy-efficient design. On March 15, 2023, Two Roads Development will present the project to the Urban Development Review Board.

Madonna's Former Waterfront Mansion Sold

Madonna’s Former Miami Waterfront Mansion Sells for $29 Million

Madonna's Former Waterfront Mansion Sold

Madonna’s former home located in Miami was recently traded for $29 million while Queen of Pop originally sold the home in 2000 for $7.5 million.

Sited on 1.14 acres, the waterfront estate is located at 3029 Brickell Avenue just south of the Brickell neighborhood. With just over 8,400 square feet of living space, the mansion features 9 bedrooms and 8.5 bathrooms.

The property was built in 1928 and over the years it has been renovated and expanded for each owner’s needs. With the sub-tropical and Mediterranean style, the home showcases gorgeous stone archways throughout.

With art deco finishes and a traditional floor plan, the estate flows gracefully from one room to the next. The chef’s kitchen features high-end stainless steel appliances, European white cabinetry, and quartz counters.

The Mediterranean style continues outside with Italian stone pathways, fountains, and a gorgeous in-ground pool. Entertaining is made easy with the expansive covered and uncovered patio that overlooks Biscayne Bay and a dock with a boat lift.

This property is just 1 of 6 mansions on Biscayne Bay that reside on Brickell Avenue. The sale price of the home equates to $3,452 per square foot.

The sellers for the mansion are listed under a trust incorporated in the Bahamas with the President of the trust as Miami Beach attorney Monica Tirado. The buyers are listed as Paul Morelli who is the trustee of the Brickell Holdings Trust in care of Cenna Lanier who resides in Chicago.

Miami Heat Star Forward Moves to Coral Gables

Miami Heat Player PJ Tucker Rents $22,000 Waterfront Home in Coral Gables

Miami Heat Star Forward Moves to Coral Gables

Anthony Leon “P. J.” Tucker Jr., NBA Star Forward for the Miami Heat recently rented a waterfront property located in Coral Gables.

The rental located at 25 Arvida Parkway, was last listed for $22,000 monthly. The waterfront home is located in the gated community of Gables Estates that sides to Biscayne Bay.

The property was built in 1968 and sits on 0.68 acres with 100 feet of Biscayne Bay water frontage. The open concept mid-century home features 7,343 square feet of living space with 5 bedrooms and 4.5 bathrooms. Marble floors span throughout opening to floor-to-ceiling windows.

What makes this home so spectacular is the 2 grand living rooms, a formal dining room, and the spacious chef’s kitchen. The home also features a 3 car garage, a deck, pool, dock with a boat lift. The seawall has also been recently replaced. According to the listing, there is an application fee of $35,000 as well as acceptance by the community club.

The estimated worth of the home is listed at $30 million.

Tucker began playing ball in college for the Texas Longhorns. Some major accomplishments include his 2008 Israeli Basketball Premier League MVP and his Israeli Super League. This year, Tucker also won an NBA Championship with the Milwaukee Bucks.

Other notables that reside in the community include rapper and songwriter, Pharrell, healthcare billionaire, Mike Fernandez, and another Miami Heat Player, Alonzo Mourning.

Natiivo Residences Miami

Natiivo Miami Tower Construction Update

601 Miami

With all the buzz happening over new construction in Miami, here is something else to get hyped about! Over the weekend, 1,400 tons of rebar was reinforced along with 4,400 cubic yards of concrete poured for Natiivo Miami. In the next few weeks, we should start seeing construction go vertical.

Natiivo will mix all of the amenities of a luxury hotel with the hospitality of a residential tower. Located in the heart of downtown Miami at 601 NE 1st AvenueNatiivo will rise 51 stories with incredible views of the Miami skyline as well as Biscayne Bay.

Designed and curated by Urban Robot, Natiivo is the first home-sharing condo/hotel residential tower that will utilize services to their owners with the ability to rent out their condos as short-term or long-term rentals. Owners have the ability to manage their own rentals or utilize Natiivo’s services.

601 Miami Construction Site
Photo Credit: Skyalign

Natiivo will feature finished and fully furnished 448 residential units with 16 types of floor plans. Units range from studio to three-bedroom suites with 492 to 1,633 square foot options. 601 Miami will also feature 240 hotel rooms managed by Gale Miami Hotel. The building will also offer 3 floors of 70,000 square feet of amenities including offices, food, and beverage rental spaces.

Work Amenities:

  • Co-working spaces
  • Private offices
  • Flexible office arrangements
  • Video-capable conference rooms
  • Quiet rooms
  • Phone booths
  • Cutting-edge technology and connectivity
  • Office host
  • Coffee and juice bar
  • Amphitheater
  • Meeting/presentation rooms

Social Amenities:

  • Specialty restaurant and bar
  • Dining terrace
  • Social area with full-service cafe and cocktail bar
  • Drink and dine lounge areas
  • Media lounge
  • Live show and events lounge
  • The porch
  • Speakeasy
  • DJ and live performances
  • Programmed events

Splash Amenities:

  • Sun deck
  • Poolside beverage and food service
  • Native tropical landscaping
  • Cabana bar
  • Pool towel services

Fit Amenities:

  • Juice bar
  • Yoga and Pilates studio
  • Boxing ring with punching bags
  • Peloton equipment
  • Weight station
  • Cross-training/Crossfit
  • Spa/treatment rooms
  • Sauna/steam rooms
  • Locker rooms
  • Outdoor terrace/training
  • The Fit Boutique

Construction will continue for Natiivo with an anticipated completion date of 2023. If you or someone you know have an interest in purchasing at Natiivo, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

9814 West Broadview Drive in Bay Harbor Islands

Anheuser Busch Executive Pays Record Price for Waterfront Home in Bay Harbor Islands

9814 West Broadview Drive in Bay Harbor Islands
Photo Credit: Dreampact Ventures and Douglas Elliman

Another record sale is in the books for Miami! Just this past week, an executive for Anheuser-Busch, Fued Sadala, purchased a waterfront home in Bay Harbor Islands for $12 million. This marks another record after the most recent mansion that sold for $65 million as the highest sell in Miami-Dade history.

Located at 9814 West Broadview Drive, the 8 bedroom and 9 bathroom home features 7,098 square feet of living space. The design of this modern home showcases its straight rooflines and large expanses of windows and glass doors. The expansive master suite with a sitting area, steam shower, and double walk-in closets is perfect with its Biscayne Bay views.

Bay Harbor Islands Record Sale
Photo Credit: Dreampact Ventures and Douglas Elliman

The open floor plan flows seamlessly throughout, opening to the large concrete patio and pool. The expansive yard makes for entertaining as well as gaining access to a private boat dock all on 0.3 acres. The property was originally built in 2002 and was last sold for $4 million in 2018.

Master Bedroom for Waterfront Home in Bay Harbor Islands
Photo Credit: Dreampact Ventures and Douglas Elliman

The waterfront home was originally listed for $12.5 million and sold within 2 months. This sell is the highest sold waterfront home in the two-island town of Bay Harbor Islands.

The previous record was at $11.5 million in Bay Harbor Islands that sold in December 2020 at 9540 West Broadview Drive. Also in 2020, the CEO of Moet Hennessy sold his Bay Harbor Islands waterfront home for $8.1 million.

For more information on Bay Harbor Islands luxury homes or any of its new projects, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Exterior Photo for Bay Harbor Islands
Photo Credit: Dreampact Ventures and Douglas Elliman
Modera Biscayne Bay Aerial View

Modera Biscayne Bay Construction Nears Completion with Resident Occupancy Beginning in August 2021

Modera Biscayne Bay Aerial View

Modera Biscayne Bay in Edgewater is a 28 story tower that has neared completion. Construction originally began in 2019 but was delayed due to the pandemic. The tower topped off construction in May and began pre-leasing shortly after.

According to the developer, Modera has leased 45% of its units within the first month of pre-leasing. Starting in August, the new residents can begin to move in.

Modera Biscayne Bay Tower

Rising 28 stories, Modera Biscayne Bay is located at 2150 N. Bayshore Drive in Edgewater. Modera is set at a prime location near shopping, dining, and entertainment. According to Mill Creek Residential, the project will include a new walking connection from Bayshore Drive to 22nd Street underneath Modera.

Mill Creek Residential is the developer for this project and Corwil Architects is responsible for the design.

The mixed-use tower features 296 apartments, 11,000 square feet of retail space, and an 8-story parking garage with 425 spaces.

Building Amenities:

  • ROOFTOP HOTEL-INSPIRED POOL
  • 27TH FLOOR BAY VIEW OUTDOOR TERRACE
  • CLUBROOM WITH DEMONSTRATION KITCHEN, GAME AREA, PRIVATE LIVING AND DINING AREAS FOR ENTERTAINING, AND SEPARATE CATERING KITCHEN
  • CLUB-QUALITY FITNESS CENTERYOGA/PILATES STUDIO WITH VIRTUAL FITNESS CLASSES ON DEMAND
  • UNOBSTRUCTED VIEWS OF THE OCEAN IN THE LOUNGE
  • OUTDOOR GRILLING AREA
  • INTERNET LOUNGE AND PRIVATE OFFICES
  • CONFERENCE ROOM
  • GOURMET COFFEE BAR
  • 24-HOUR SELF-SERVICE PACKAGE LOCKERS
  • ADDITIONAL STORAGE
  • BIKE STORAGE
  • PARKING GARAGE
  • PET SPA

Residence Features

  • 1-, AND 2- AND 3-BEDROOM APARTMENT HOMES (DEN AND PENTHOUSE ALSO AVAILABLE)
  • QUARTZ COUNTERS WITH TILE BACKSPLASHES IN THE KITCHEN
  • STAINLESS STEEL ENERGY STAR APPLIANCES
  • TILE FLOORING
  • FULL-SIZE WASHER AND DRYERKEY FOB ENTRY SYSTEM
  • BAY VIEW BALCONIES
  • WIFI PROGRAMMABLE THERMOSTATS
  • WALK-IN CLOSETS WITH MASTER CLOSET LUXE UPGRADES
  • WINE STORAGE
  • BUILT-IN SHELVING AND DESK AREAS
  • MOVABLE ISLANDS
  • 15-FOOT CEILINGS
  • DOUBLE VANITIES

For more information on Modera Biscayne Bay or any other towers in Edgewater, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Modera Biscayne Bay Garage View
Society Biscayne-400 Biscayne Blvd

49-Story Tower- Society Biscayne Tops off Construction in Downtown Miami

Society Biscayne Tops off Construction
Credit: society_living

As of yesterday, PMG announced on their Instagram page that Society Biscayne has officially topped off construction. Located at 400 Biscayne Blvd, the 49-story multi-use tower started construction earlier this year with a construction loan of $162 million taken out in September 2020.

Society Biscayne Developed by PMG

Developed by PMG and Greybrook Realty Partners, this project will feature 51,000 square feet of commercial offices, 704 rental apartments, and 17,801 square feet for a church. The First United Methodist Church originally sold the property to PMG in a deal to have a new facility built out for them upon completion of current construction. There will also be an additional 1,000+ square feet of retail space on the ground floor.

Society Biscayne-400 Biscayne Blvd

Sieger Suarez Architects is responsible for the design of Society Biscayne. The renderings for the 571-foot tower show the classic PMG style with floor-to-ceiling glass windows on every floor. The design for the first 10 floors appears to be dedicated to amenities, with a massive piece of art intricately positioned on the exterior walls facing Biscayne Bay, with a diamond-like design on the opposite side.

The units will feature studio to 3 bedroom floor plans with 534 to 1,382 square feet of living space. Each unit will feature an expansive balcony with views of the Miami skyline, downtown Miami, and/or Biscayne Bay.

Development Amenities:

  • Modern gym and fitness studio
  • Expansive pool deck
  • Coworking lab
  • Lobby restaurant and bar
  • Daily community events

This project is expected to be completed by the end of 2021 with an opening date of January 2022.

Society Biscayne New Construction

Elysee Receives TCO – Closings are set to begin in the Coming Days

Elysee Photo From Biscayne Bay

No, it’s not an April Fool’s joke, Elysee has finally received its TCO! Two Roads Development, the developer of Elysee, has officially received its temporary certificate of occupancy after a five-month delay, which means that closings will begin in the upcoming days. According to our sources, Elysee is approaching 90% sold.

Elysee will be the tallest building in the Edgewater neighborhood standing 57 stories on the shore of Biscayne Bay. Elysee sets a new standard of luxury with its contemporary architecture, designed by Bernardo Fort-Brescia of Arquitectonia. The building was designed with three tiers of different sizes with the largest tier on the top creating a telescopic shape.

Elysee Tower View

With only 100 units (no more than two per floor), this layout creates unobstructed Miami and Biscayne Bay for every unit.

Tower Information

Pool View of Elysee Tower

Residence Information

  • 2 Units per floor
    • Units have the option to be designed
  • 3-, 4-, 5-Bedroom layouts with den options
    • 3 Floor plans from 2,660 to 3,995 sq. ft.
    • Duplex options
  • Private elevators
  • 10 − 11 ft. ceilings
  • Fully decorated units
  • Impact resistant floor-to-ceiling glass windows and sliding glass balcony doors
  • Two 8-10 foot terraces facing East & West (sunrise & sunset)
  • 360-Degree Views
  • Savant wireless technology systems
  • ItalKraft® cabinetry in kitchens and baths
  • Sub-Zero® and Wolf® stainless steel appliances
  • Full size washer & dryer
  • Designer faucets and fixtures
  • 50% of the residences have nanny/maid’s quarters
  • Two parking spaces per residence
  • Toto® Toilets
  • Service and staff elevator(s)
  • Over 50% of residences have nanny/maid’s quarters
Drone View of Elysee Tower

Building Amenities

  • 24-Hour door attendants
  • 24-Hour security and video surveillance
  • White glove concierge service
  • On-site automobile concierge
  • Valet parking
  • Expansive 30ft wide motor court
  • Landscape and grounds crew
  • Robotic parking
  • Two guest suites available
  • Storage area
  • Bike storage

7th Floor Amenities

  • 360-Degree views
  • 75-Foot resort pool
  • Outdoor summer kitchen & BBQ terrace
  • Fitness center and Yoga studio
  • Dedicated men and women’s spa with sauna, steam shower & massage tables
  • Blow dry bar
  • Children’s room adjacent to fitness center
  • Teen room
  • Two guest suites

13th Floor Amenities

  • Great room with grand piano
  • South-facing grand dining room (Seats up to 30 Guests)
  • Library that converts to private theatre with high-definition projector
  • Full lounge bar
  • Chef’s kitchen
  • Chef’s table with indoor and outdoor seating
  • Business center
  • Resident wine storage
  • Game room

Pricing for Elysee

  • 3 Bedrooms: $.68M – $2.3M with a North Eastern exposure
  • 3 Bedrooms: $1.67M – $2.7M with a South Eastern exposure
  • 4 Bedrooms: $3.2M – $3.8M with a North Eastern exposure
  • 4 Bedrooms: $3.5M – $4.2M with South Eastern exposure

Although there are few units remaining, if you or someone you know has any interest in purchasing a remaining unit at Elysee, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332 for more information.