The Federal Aviation Administration has received a request from developers, Property Markets Group, Lion Development Group, and Marc Roberts Companies to approve their most recent project, West Eleventh Residences.
The new development will rise 44 floors and feature 659 completely furnished, turn-key homes and a spectacular 30,000 square foot, tri-level immersive entertainment and culinary hall on the first floor.
The project located at 18 Northwest 11th Street in the Park West District, will be the first of its kind for a special emphasis on offering flexible short-term rental options and centralized management.
On March 6, 2023, the FAA received an application for the tower that would be 482 feet or 493 feet above sea level.
Records from the Miami Building Department show that the demolition permits for the West Eleventh Residential Property were submitted on February 22. 12,473 square feet of demolition are part of the project’s scope and are expected to cost $67,285. The general contractor is identified as Chin Diesel Corp.
Residents of West Eleventh will have access to more than 20,000 square feet of luxurious amenities that have been carefully selected to maximize owner comfort. A resort-style pool, exclusive lounge areas, cutting-edge fitness and wellness facilities, a renowned on-site restaurant, and more are available as amenities.
The beginning of sales for West Eleventh Residences was announced by the developers in February. Owners will have the exceptional option to welcome guests on Airbnb 365 days a year, with completely centralized management and hotel-level amenities, thanks to the development. The concierge staff will give resources for quality photos and help owners create tailored listings, including writing the ideal ad description.
West Eleventh Residences is a part of the ambitious District 11 development along Northwest 11th Street in Miami’s Park West neighborhood, which also includes three buildings. The 65-story towers E11EVEN Residences and E11EVEN Residences Beyond are being built in addition to West Eleventh Residences by the developers. The renowned Sieger Suarez Architects are responsible for the design of all three projects, displaying their prowess in building stunning skyscrapers that meet the demands of contemporary living.
Sales Launch for ORA By Casa Tua in Brickell
Sales have begun for ORA by Casa Tua, the newest development of short-term rentals in Brickell, located at 1210 Brickell. The 76-story mixed-use building being built by Edgardo Defortuna’s Fortune International Group will have 540 units with 25,000 square feet devoted to four new concept eateries. The restaurants include a Mediterranean restaurant-UVA, a dining experience Fuoco, a 24 hour bakery and market-Terra, and a rooftop bar and lounge.
The ORA’s design was created by the internationally renowned and award-winning architecture firm Arquitectonica. The company drew inspiration from today’s constantly changing culture to design numerous outdoor levels at ORA that connect to nature and the environment, with the goal of allowing visitors to enjoy and experience the city of Miami from a unique angle.
The interiors of the residential and amenity areas are being designed by m2atelier, a company founded by Marco Bonelli and Marijana Radovic and renowned for its personalized approach.
Amenities:
Private office spaces
Conference rooms
Content production rooms
Bar lounges
Outdoor seating
Second Pool with sun deck, loungers, cabanas, and a jacuzzi
Show kitchen
Private event space
Lush green vegetation
Three-story open sky garden
Two-floor fitness and wellness facility with a harman and couples treatment rooms
Entertainment bar
Residence Feature:
Floor-to-ceiling windows
10 foot ceilings
Italian-designed kitchen with premium appliances
Italian-designed bathrooms with imported fixtures
Smart home technology
Pre-wired for high-speed internet
Roomy walk-in closets
Washers and dryer
Views of Brickell, Biscayne Bay, and Coconut Grove
Residences at ORA will start at $800,000 and range from 500 square foot studio homes to 2,400 square foot, four bedroom fully furnished residences that will be ready for immediate listing as short-term, seasonal, or long-term rentals.
Edgardo Defortuna, the creator of Fortune International Group, is a pioneer in real estate development, financing, construction management, sales, and marketing. In addition to others, they are currently building the Nexo Residences in North Miami Beach, The Ritz-Carlton Residences in Pompano Beach, and the St. Regis Residences in Sunny Isles Beach. They most recently built The Ritz Carlton Residences Sunny Isles Beach and the renowned Jade Signature, designed by Herzog & de Mueron.
If you or someone you know have an interest in purchasing at ORA at Casa Tua, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at (786)247-6332.
Sales Launch for Twenty Nine Indian Creek in the Faena District Miami Beach
JMH Development has officially launched sales for Twenty-Nine Indian Creek Condos, a boutique collection of only 11 private residences will rise at the nexus of Indian Creek Drive and Collins Avenue in the heart of the thriving Faena District in Miami Beach.
Twenty-Nine Indian Creek will reflect timeless sophistication and serve as an emblem for historic preservation, with architecture, interiors, and landscaping designed by renowned firm Urban Robot. The seven-story modern structure will house eight three-bedroom residences and one sprawling full-floor penthouse with an expansive wraparound terrace and panoramic views.
The development site is home to a 1930s Art Deco structure that has been hidden from public view for nearly 60 years. JMH Development will restore and relocate the structure to harmoniously integrate the past and present, resulting in two sprawling townhomes that will pay homage to the inherent design qualities of its former era.
Each elegantly appointed residence, ranging in size from 1,750 to 4,800 square feet, is designed to maximize space and seamlessly connect to the outdoors, with sweeping floor-to-ceiling windows and doors allowing in an abundance of natural light. Spacious terraces with iconic, undulated railings showcase exquisite craftsmanship that continues indoors – with meticulous attention to detail.
Gourmet chefs’ kitchens feature bone white lacquered custom cabinetry, Miele appliances with wine storage, and marble countertops and islands. Freestanding soaking tubs, dual vanities, honed flooring, and premium Hansgrohe fixtures are among the indulgent features found in spa-inspired bathrooms. Townhomes have double-height great rooms that are 18 feet tall, as well as private terraces with landscaped gardens and a summer kitchen.
Residents will enjoy a palm-tree shaded pool deck with daybed lounge chairs and tanning areas, a summer kitchen with barbeque and dining area, an outdoor shower, and direct access to a dedicated beach club. The Art Deco-inspired geometrical design of the building is complemented by lush landscaping with terraced walls and cascading greenery, water features, and a natural color palette, creating an immediate sense of serenity.
Twenty-Nine Indian Creek will be located in the city’s most vibrant neighborhood, allowing residents to easily explore world-class dining, hospitality, and cultural institutions such as the Faena Hotel and Faena Forum, The Miami Beach Edition, the upcoming Aman Miami Beach, and Bvlgari Hotel.
Prices range from $2.5 million to $10 million, with construction set to begin in Spring 2023 and completion expected in Q1 2025.
If you or someone you know have an interest in purchasing at Twenty-Nine Indian Creek, please contact Lucas Lechuga via email at lucas@miamicondoinvestments.com or by phone at 786-247-6332.
North Bay Village Approves 7.3 Million Square Foot Development Project Featuring 1,936 Residential Units
Sunbeam Properties, the proprietor of WSVN Channel 7, has a 7.3 million square foot redevelopment plan that has officially been approved by the North Bay Village Council. The special area plan for a 12.9-acre site covering 1400, 1401, 1415, 1600, and 1601 79th Street Causeway, as well as 155 and 1624 North Bay Causeway, was approved by the Village Council on a 3-2 vote early on Wednesday.
A 300-room hotel, 1,936 residential units, 200,000 square feet of office space, 670,000 square feet of retail space, 117 units of workforce housing, and around 5,000 parking spots are all included in the development plan. Additionally, there would be 84,366 square feet of public space, including a half-mile pedestrian walkway known as the “island walk” that would be surrounded by restaurants and stores. A marina would also be a part of the project.
The project’s highest structure would be 650 feet tall. To lessen the number of shadows cast upon the smaller dwellings, the structures closer to single-family homes would be smaller. Buildings north of the project would be taller and would rise 240 feet in height south of the causeway.
The offices and studios of WSVN will eventually be relocated as part of the construction. WSVN and Sunbeam Properties are owned by the multibillionaire Ansin family.
The project’s first phase, according to Ansin, would be built south of the causeway and will have 500 to 600 apartments spread across two buildings, along with a restaurant, grocery store, and other retail space that may house an urgent care facility or a daycare. Sunbeam Properties must apply for building permits for the first phase within two years in accordance with its development agreement with the village. The first renters, according to Ansin, should move in within five years.
As the Ansin family celebrates the 60th anniversary of running WSVN in North Bay Village, CEO Andy Ansin admitted that this was an emotionally charged decision for him. He has visited that studio ever since he was a youngster.
Although Ansin said the initial concept wasn’t for redevelopment, Sunbeam Properties over time purchased surrounding lands. According to Ansin, the first purchase was made to stop a strip club from being built next door. It bought a nearby office complex so the TV station would have more parking.
Ansin discovered North Bay Village had potential after having experts from the University of Miami School of Architecture do research on future renovation. However, it necessitated moving the TV studio.
Ansin stated that he is still looking for a new studio for WSVN. He emphasized that it would require plenty of parking, hurricane-resistant construction, and backup power generation.
PlusUrbana, a firm based in Miami, is the project’s architect. Attorney Ian DeMello, who is headquartered in Miami, is the developer’s representative.
The Constellation Group and Boschetti Group Propose a 15 Story Luxury Tower in Coral Gables
A 15-story, mixed-use luxury rental property is now being proposed by the Constellation Group and the Boschetti Group in Coral Gables, located at 4241 Aurora Street.
The proposals will be reviewed by the city’s development review board on Friday, according to Constellation Group Principal Eduardo Otaola. Approximately 70 apartments, 20,000 square feet of office space, 10,000 square feet of retail space, and a 5,000 square foot park would be present at the development site.
The location, which takes up an entire city block, is located west of Ponce de Leon Boulevard and immediately north of the Nordstrom shop at Brookfield Properties’ Merrick Park mall.
The project’s architects are listed as Bernardo Fort-Brescia and Raymond Fort of Arquitectonica, who were chosen by the Miami-based Constellation and Coral Gables-based Boschetti. According to Otaola, the design is the Mediterranean with an “innovation” twist because the location is located within the city’s Design and Innovation Overlay District. The building’s creators are aiming for a Mediterranean-inspired addition.
According to Otaola, they met with the neighborhood to obtain input on the designs and are proposing the taller building in exchange for the park.
According to the developers’ proposal, Constellation and Boschetti are requesting a transfer of development rights at the meeting on Friday that will add 26,000 square feet to the floor area ratio and offer remote parking for around 60 of the 200 required parking places. The developers are being defended by Greenberg Traurig’s lawyer Jorge Navarro.
At 4225 Ponce de Leon Boulevard, an adjacent office and retail complex is also being built by Constellation and Boschetti. It’s anticipated that construction will begin then.
Constellation is expected to close on its share of the property at 4241 Aurora early next year. Property records show Brookfield Properties sold the 0.7-acre site to a Boschetti affiliate in January for $6.1 million.
After going before the development review committee, Otaola said the project will be heard by the Coral Gables Board of Architects. He intends to break ground by the second or third quarter of next year.
Just east of Merrick Park and south of Bird Road in Miami, a number of apartment complexes have already been completed or are in the planning stages. The Watermark at Coral Gables on LeJeune Road and Belmont Village Senior Living next to the Collection dealership are two other high-end senior living projects that developers are currently working on to the north and south of the mall.
According to public records, Boschetti also owns a site close to the Watermark project.
The LifeTime-branded mixed-use multifamily development at 237 South Dixie Highway in Coral Gables was purchased by Hines for $430 million in August.
Closings Begin at YotelPad Miami
YotelPad Miami is one of the newest condo-hotel developments in downtown Miami. Sales began in late 2020 and the entire tower sold out just 15 months after breaking ground. Now, closings are beginning for the 31-story tower.
Developed in a joint venture between Aria Development Group and AQARAT, YotelPad Miami is located at 227 NE Second Street in downtown Miami.
The tower features 231 residential condo units that range from 417 SF studios to 708 SF two-bedrooms. These units are located on floors 15 through 30. There are also 222 hotel units branded by the Yotel Britsh chain that occupy the lower levels of the tower.
Prices for the condo units range from 4300,000 to $499,000 and the developers have confirmed that more than half of the buyers are from China, Mexico, and Columbia.
Stantec is the architect behind Yotelpad. Each unit offers carefully cultivated floorplans with integrated living and dining areas. The fully-finished interiors feature contemporary flooring with floor-to-ceiling glass windows with a European kitchen and baths showcase custom cabinetry with stone finishes as well as Smeg Designer Italian appliances.
The units will also feature high-end appliances including an Electrolux washer and dryer, Grohe and Toto bath fixtures, Smart thermostats, Smart Lock System, and custom furniture packages.
Tower Amenities:
Elevated deck with pool, hot tub, and bar
Full-service restaurant and bar with outdoor paseo
Organic matcha bar
State-of-the-art fitness center
Private meeting rooms with co-working space
Valet parking
TransitScreen displays all your mobility options, in real-time
Private residential lobby with destination dispatch elevators
24-hour security and concierge
Secure storage unit for each residence
Enclosed bicycle storage
Skytop Lounge featuring a game area and chef’s kitchen
Digital package concierge
According to the sales team, “YotelPad Miami brought the market what it demanded, and to be successful in sales we really had to embrace the local community.”
The hotel side of YotelPad is scheduled to open on June 1, 2022.
W South Beach Penthouse Sold to Entertainment Electronics Moguel
Jeff Walker, the President of Alliance Entertainment, an entertainment electronics company, recently purchased an upper Penthouse at the W South Beach for $9.25 million equating to nearly $4,000 per square foot.
Alliance Entertainment is located in Sunrise Florida and sells electronics (DVDs, Blu-rays, and video games) directly to retailers.
The property located at 2201 Collins Avenue, Unit 2006 in Miami Beach features 2,408 square feet of living space that spans over two levels with cascading glass balconies and two private rooftop terraces overlooking the Atlantic Ocean and Miami Skyline.
The unit also features 3 bedrooms, 3.5 bathrooms and is fully furnished. The kitchen boasts high-end stainless-steel appliances, quartz counters, and custom-made cabinetry. Just off one of the private terraces is the private plunge pool, grill, and lounge area.
According to county records, the seller was listed as SoBe W Estates and purchased the home in 2011 for $6.1 million.
The W South Beach is a 20-story condo-hotel development that was completed in 2009. The tower was developed by TriStar Capital, Related Urban Development, and Starwood Properties. The tower features 511 condo-hotel units that range from studio to four-bedroom floor plan options. There are also a few rare penthouses.
W South Beach offers luxury hotel amenities for all residents and guests including two pools with food and beverage services, private cabanas, and a full-service concierge. Other amenities include a 24-hour fitness center, tennis court, rooftop basketball court, business center, and much more!
Walker isn’t the first executive to live at W South Beach! This tower is known to house big-name developers, architects, and execs. During the construction of One Thousand Museum, Zaha Hadid purchased three combined units. The former Roadhouse Grill CEO also owned a penthouse in 2019 at the W South Beach.
Total Number of Transactions Increased for this Week’s Miami Dade Condo Sales
Over the past few weeks, we have seen a steady incline in overall condo sales including volume and number of sales. This is of no surprise with the increase of companies, execs, and people taking up residency in Miami-Dade County.
Coming in at $123 million, this week’s condo sales volume increased from $85.3 million in the week prior. The total number of sales has risen to 198 for this week, up from 128.
The average price for condo sales reached $622,000 which has actually decreased from $666,000 then the week prior.
Leading this week’s condo sales in a luxury unit at Continuum South Beach that sold for $8 million or $2,708 per square foot. This luxury property located at 100 S Pointe Dr. Unit #3507 was sold to tech entrepreneur Hari Ravichandran, who is the CEO of Jump Ventures and Aura.
Last week’s highest condo sale was lead by Lucas Lechuga (Luxe Living Realty-Miami Condo Investments) with the sale of a Setai Miami Beach condo that sold for $12.3 million.
The sale coming in second includes a luxury unit at Palazzo Della Luna on Fisher Island. The property sold for $7.5 million or $2,045 per square foot and was on the market for 324 days. Luxe Living Realty’s Dora Puig represented the seller.
