Tag Archives: development news

Okan Tower Miami

Okan Tower Reaches Major Milestones: Sales Surpass 60% and Construction Advances

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Okan Tower Miami

Okan Tower, the highly anticipated mixed-use skyscraper in the heart of Downtown Miami, has hit two significant milestones, according to the developer, Okan Group. Sales have now exceeded the halfway mark, reaching an impressive 60%, while construction has advanced to the 12th floor following the completion of a sprawling 290,000-square-foot parking podium.

Bekir Okan, the visionary behind the project, expressed excitement over the progress. “We are thrilled to see Okan Tower’s incredible momentum as it takes shape,” he said. “Achieving this sales milestone underscores the demand for its world-class offerings and Hilton Hotels & Residences’ services. With the tower now reaching the 12th floor, we are one step closer to delivering a sophisticated landmark that will elevate living in the heart of Miami’s dynamic downtown.”

Buyers from across the globe have been drawn to Okan Tower’s unique blend of luxury, functionality, and prestige. The growing list of international owners includes individuals from Argentina, Mexico, the United States, Colombia, Turkey, Spain, and Denmark, showcasing the project’s worldwide appeal.

With construction crews completing one floor per week, the project is advancing rapidly. Work has now commenced on the hotel levels, bringing the iconic structure closer to its final form. Once completed, the tower will rise to 70 stories, or 902 feet, making it one of the tallest buildings south of New York City.

Okan Tower promises to be a transformative addition to Miami’s skyline. The mixed-use complex will include:

  • A 316-key Hilton Miami Bayfront Hotel, delivering unparalleled hospitality and amenities.
  • 236 condo-hotel units managed by Hilton, blending luxury living with top-tier services.
  • 163 Sky Residences offering sophisticated living spaces and breathtaking views.
  • 64,000 square feet of Class A office space catering to the needs of modern businesses.

As Okan Tower climbs higher, anticipation continues to build for this architectural marvel. Its world-class offerings, coupled with its strategic location in Downtown Miami, are set to redefine luxury living and working in the city. With sales momentum strong and construction progressing steadily, Okan Tower is well on its way to becoming a landmark destination.

Mercedes-Benz Launches Mercedes Benz Places

Brickell’s Mercedes Benz Places Breaks Ground on Second Tower as Construction Progresses

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Mercedes-Benz Launches Mercedes Benz Places

The second tower at the highly anticipated Mercedes Benz Places Miami is now officially under construction. This luxury mixed-use project is a major milestone for the neighborhood, and the progress doesn’t stop there. Foundation work at the first tower is nearly complete, according to Serhant, the exclusive brokerage handling condo sales for the development.

Both towers will add to Brickell’s ever-evolving skyline, with the first tower rising to an impressive 780 feet and the second slightly shorter at 763 feet, as detailed in plans submitted to the county in July.

A Vision for Modern Living: What to Expect from Mercedes Benz Places

The combined development will offer a diverse range of amenities, including:

  • 1,010 residential units
  • 200 hotel units
  • 142,129 square feet of commercial space
  • 153,070 square feet of office space
  • 881 parking spaces
  • 38,582 square feet allocated for governmental use

Designed for the Future

JDS Development Group is leading the project, while ODP Architects is serving as the architect of record. With its strategic location, cutting-edge design, and mix of residential, hotel, office, and commercial spaces, Mercedes Benz Places is poised to become a standout addition to Brickell’s luxury market.

This development not only adds to the neighborhood’s vertical growth but also serves as a prime example of how Miami’s urban core continues to evolve into a global hub for high-end living and business. Stay tuned for more updates on the progress of this groundbreaking project!

The Standard Residences Miami

Construction at The Standard Residences Midtown Miami Reaches Topping-Off Milestone

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The Standard Midtown Residences

The Standard Residences Midtown Miami, a 12-story residential tower, has officially topped off construction, marking a significant step forward in the construction process. In addition to this, window installation has progressed up to the eighth floor. The project, backed by $45.045 million in financing from Bank OZK, continues to generate excitement, particularly with the announcement of two major food and beverage establishments. Solana by Juvia Group will grace the rooftop, while Rosetta Bakery Café & Privato Speakeasy will add flair to the ground floor.

Carlos Rosso, Founder of Rosso Development, expressed his enthusiasm, stating, “This milestone highlights Midtown’s ongoing transformation into one of Miami’s most sought-after areas. The support and enthusiasm surrounding the project reflect the vibrant future we envision for Midtown as a hub for living, working, and leisure.” This project is an integral part of Midtown’s evolution, signaling its growing appeal as a vibrant urban center.

The Standard Residences boasts an impressive design pedigree. The internationally renowned architecture firm Arquitectonica has brought their expertise to the building’s overall structure, while Urban Robot, in collaboration with The Standard’s in-house design team, has taken the lead on interior design. Civic Construction is serving as the general contractor, and Naturalficial is behind the thoughtfully designed landscape.

Located at 3100 Northeast 1st Avenue, the development sits at the crossroads of Miami’s most dynamic neighborhoods: The Design District and Wynwood. This prime location offers residents a highly walkable lifestyle, a rare attribute in Miami. The development has already achieved a remarkable milestone of its own, with 95% of the 228 residences—ranging from studios to two-bedroom units—already pre-sold. The flexibility of these units is particularly appealing, as they are designed to accommodate short-term leases as brief as one month.

The amenities at The Standard Residences are designed to offer a truly elevated living experience. The rooftop will feature a 60-foot resort-style pool, a restaurant and bar, and wellness facilities, including a fitness center, infrared sauna, indoor pickleball court, and yoga studios. In addition, residents will have access to a social floor, which includes a karaoke bar, screening room, co-working spaces, Zoom rooms, and a private boardroom. A concierge will be on hand to assist with owner needs and facilitate community programming.

The Standard Residences Midtown Miami, is on track for completion in Q3 2025.

One West Twelve Residences

Exciting New Development in Overtown: One West Twelve Residences

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One West Twelve Residences

The skyline of Overtown is set to change dramatically with the announcement of a new 22-story development: One West Twelve Residences. This ambitious project is the collaborative effort of PMG, Lion Development Group, and LNDMRK, with architectural design by Cube 3.

One West Twelve Residences promises to bring 372 residential units to the heart of Overtown. Each unit will be delivered finished and furnished, making it an attractive option for buyers looking for a move-in-ready home. Additionally, the development will allow short-term rentals, catering to both long-term residents and short-term visitors. This flexibility is expected to attract a diverse mix of inhabitants, contributing to the vibrant community atmosphere.

The development is a collaboration between three prominent entities in the real estate industry:

  • PMG (Property Markets Group): Known for their innovative approach and high-quality developments, PMG has a long history of successful projects that blend modern design with functionality.
  • Lion Development Group: With a reputation for creating impactful urban spaces, Lion Development Group brings a wealth of experience and a commitment to enhancing the living experience in the communities they serve.
  • LNDMRK: This firm is recognized for its forward-thinking projects that prioritize sustainability and community integration. Their involvement in One West Twelve Residences ensures a focus on eco-friendly practices and community-centric design.

The architectural firm Cube 3 has been tasked with bringing the vision of One West Twelve Residences to life. Known for their cutting-edge designs and attention to detail, Cube 3 is expected to deliver a building that not only enhances the Overtown skyline but also provides a comfortable and aesthetically pleasing living environment for its residents.

The introduction of One West Twelve Residences is more than just a new building; it represents a significant step in the ongoing revitalization of Overtown. The development is expected to boost the local economy, create new jobs, and attract new businesses to the area. It also aligns with the broader efforts to transform Overtown into a thriving, modern neighborhood that respects its historical roots while looking towards the future.

One West Twelve Residences is poised to become a landmark development in Overtown, offering modern, flexible living options in a vibrant community setting. With the combined expertise of PMG, Lion Development Group, LNDMRK, and Cube 3, this project is set to redefine urban living in Overtown, making it an exciting time for current and future residents of the area. Stay tuned for more updates as this project progresses!

Pier 5 Miami

The Exciting Launch of Pier 5: A New Waterfront Experience in Downtown Miami

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Pier 5 Miami

Pier 5 is about to open its doors at Bayside Marketplace, promising to revive the waterfront entertainment vibe that has been missing.

Pier 5 is not just any new venue; it’s a creative endeavor by Breakwater Hospitality Group and Erick Passo, the brains behind Black Market Miami. This team has already given us fantastic spots like The Wharf Fort Lauderdale and Carousel Club in Hallandale Beach. Pier 5 will bring something unique to the table – think live music, a variety of food vendors, and an impressive selection of specialty cocktails.

Alex Mantecon, co-founder of Breakwater Hospitality Group, shares that Pier 5 is all about celebrating Miami’s vibrant culture and creating memories. The goal is to breathe new life into Bayside Marketplace, making it a must-visit destination with diverse events, tantalizing drinks, and delightful food along the bayfront.

Pier 5 is designed to be an inclusive open-air destination, perfect for families and adults alike. While families can engage in fun deck games and relax in shaded lounges, adults can indulge in tropical drinks at the Rum Bar or explore over 150 labels of tequila and mezcal.

Pier 5 teams up with popular vendors from Bayside to satisfy all your food cravings. From Black Market Miami’s wings and croquetas to Ben’s Pizza’s New York-style slices, and not to forget La Industria’s bakery treats and Skoops’ authentic gelato and ice cream – there’s something for everyone!

Emi Guerra, another co-founder of Breakwater Hospitality Group, expresses enthusiasm for adding a new dimension to Bayside Marketplace. The venue aims to honor the historic fishing pier it replaces, incorporating a tropical and nautical theme that makes you feel like stepping onto a ship.

Pier 5 is already in its soft opening phase, but the real excitement is the weekend-long grand opening from January 11 to January 14. RSVP to the event and you’ll be welcomed with a complimentary cocktail to toast the launch of this exciting new venue.

If you’re looking for a place that combines great food, engaging entertainment, and a vibrant atmosphere, Pier 5 is your new go-to destination in Miami. Come join us and be part of the excitement!

Pier 5 operates Sunday to Thursday from 11 a.m. to 2 a.m., and Friday to Saturday from 11 a.m. to 4 a.m. Find us at 401 Biscayne Boulevard, Miami.

The Arbor Residences Pool Deck

Arbor Residences Announces Construction Completion Date in 2024

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The Arbor Residences in Miami

The Arbor Residences, a high-end real estate development in Miami, Florida, presents a unique investment opportunity. This project, located at 3034 Oak Avenue in the prestigious Miami-Dade County, is now under the management of Arbor Grove Development LLC, following a strategic transfer of ownership from 3034 Oak Park LLC.

Originally launched in 2017, this five-story development faced challenges, leading to a halt in construction. However, with the new management, the project is back on track, aiming for completion by the third quarter of 2024. This turnaround story is typical of Arbor Grove Development LLC, known for successfully reviving projects on the brink of failure.

The Arbor Residences offer 45 luxury units, with sizes ranging from 1,450 to 3,000 square feet. The pricing starts at $1.4 million, a significant increase from the initial $799,000, reflecting the dynamic changes in the housing market over the past six years. This price adjustment also indicates a strong market demand and potential for substantial investment returns.

The development boasts high-end amenities, including a swimming pool, fitness center, and lounge, catering to an affluent clientele. The project’s location in a sought-after area of Miami enhances its appeal, making it an attractive proposition for investors looking to capitalize on luxury real estate.

The Arbor Residences Pool Deck

As a hedge fund manager, this project offers a compelling investment opportunity. The combination of a strategic location, luxury amenities, and the potential for high returns, especially given the project’s recovery and growth trajectory under new management, makes The Arbor Residences a noteworthy addition to any investment portfolio.

Behar Font & Partners, a renowned architectural firm based in Coral Gables, is behind the design of The Arbor Residences. Their involvement adds an extra layer of credibility and aesthetic appeal to the project. With 36 active projects, their expertise in luxury residential developments is well-established.

St. Regis Residences Miami

St. Regis Residences Miami Construction Update

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St. Regis Residences

Related Group and Integra Investments have just submitted an application for a total demolition permit at the location of the St. Regis Residences Miami located in Brickell and as well as new designs for the elevation of the tower.

According to the filing, a total of 211,121 square feet will be completely destroyed at an estimated cost of $1,127,000.

The demolition contractor is named The BG Group LLC. According to county records, a 17-story structure constructed in 1966 now stands on the location. The Urban Development Review Board is expected to meet next week to discuss the changes on June 21, 2023.

St. Regis Residences Miami is planned to rise 48 stories or 639 feet and will include 391 parking spaces as well as 152 residential units.

Robert A.M. Stern Architects is creating the project with a nautical concept. CFE is the architect of the records.

The Residences

  • Private elevator and entry foyer to each residence
  • Double-door entry in select residences
  • 11-foot ceilings with integrated linear diffusers in living areas
  • Custom European marble flooring throughout
  • European solid wood doorways
  • All homes feature a powder room and laundry room
  • Integrated smart home technology

Kitchens

  • Gourmet kitchen with custom Italian cabinetry designed by Rockwell Group
  • Marble countertops and backsplashes
  • Fully integrated Sub-Zero and Wolf appliance packages, including:
    • Paneled refrigerator
    • Paneled freezer
    • Full-height wine refrigerator
    • Convection oven
    • Steam oven
    • Microwave
    • Dornbracht fixtures

Primary Suites and Bathrooms

  • Oversized walk-in closets
  • Midnight Bar and Butler’s Pantry
  • Split marble top vanities with Dornbracht fixtures
  • Oversized marble showers and free-standing bathtubs
  • Private water closets with Toto toilets

St Regis Residences Miami Amenities

  • 40,000 square feet of amenity space
  • On-premises ground floor, fine dining restaurant
  • Exclusive beach club access
  • Park-like grounds and lush terraces
  • State-of-the-art media room
  • Business center with coffee bar and conference rooms
  • Children’s entertainment room
  • Teen video game lounge
  • Programmable golf simulator
  • Salon equipped for all beauty services
  • Pet spa, grooming, and dog walking services
  • Private, secure climate-controlled storage
  • Private marina
  • Fully equipped fitness center
  • Relaxation and juice bar
  • Indoor lap pool and cold plunge pool
  • Pilates and yoga studio
  • Salt spa room
  • Dual saunas and steam rooms
  • State-of-the-art treatment room
  • Bayfront infinity pool and whirlpool with private cabanas
  • Poolside bar and cafe
  • Bayfront garden with seating area
  • St. Regis Butler service and in-room dining
  • St. Regis housekeeping services
  • St. Regis global membership privileges

31st Floor Sky Lounge

  • Double-height bar and lounge with water views
  • Signature St. Regis Cognac Room
  • Traditional St. Regis Tea Room
  • Billiards room
  • Catering Kitchen

Technologies

  • Keyless residential entry
  • Smart home climate and lighting control systems
  • State-of-the-art fiber optic WI-FI service throughout residences and amenities
  • Easy to use St. Regis residents-only app

If you or someone you know have an interest in purchasing at the St. Regis Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

St. Regis Residences Brickell
St. Regis Residences Miami

Financing Secured for The Crosby Miami Worldcenter

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The Crosby Miami Worldcenter Lobby

The vertical construction of The Crosby Miami Worldcenter, which is positioned to provide further density to the existing buildings at Miami Worldcenter, has been successfully funded with a sizeable $94.2 million by The Related Group and Merrimac Ventures. According to building permits submitted to the FAA in January, the residential tower is planned to rise 33 floors high and is anticipated to reach its peak at about 377 feet above ground, or 390 feet above sea level.

The loan was given to DT G Block LLC, a joint venture organization connected to the developers, by the Arkansas-based Bank OZK. The project’s interior design and architectural design are being handled by AVRO|KO and Cohen Freedman Encinosa & Associates.

The Crosby Miami Worldcenter, which commenced work earlier this year, is planned to have 3,370 square feet of ground-floor retail space and 450 completely furnished, ready-to-rent condos.

The Crosby’s construction should advance more quickly now that the finance is secured. It will stand out for its remarkable architectural design, which embodies contemporary luxury. The tower’s sleek design, which is accentuated by modern finishes, is made to blend perfectly with Miami’s dynamic cityscape.

The Crosby is cleverly constructed to take full advantage of its location, with the lower floors laying out a sizable retail area that is open to the public. The amenities offered by the skyscraper are designed to fit a contemporary urban lifestyle. The Crosby residences’ allowance for completely furnished units to be posted for short-term rentals on websites like Airbnb represents an important trend in the Miami condo market and is a standout feature of the development.

Beauchamp Construction serves as the general contractor and according to the current schedule, The Crosby is expected to be complete in the first quarter of 2025.

If you or someone you know have an interest in purchasing at The Crosby Miami Worldcenter, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

The Crosby Miami Worldcenter
New Construction Tower Announced in Miami

Plans for New Residential Project in Miami Announced

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New Construction Tower Announced in Miami

In Miami’s Flagami neighborhood, south of Miami International Airport, a developer has plans for a brand-new residential development.

At 5645 Southwest Eighth St., The Richman Group and its affiliates have planned Parkview, a nine-story structure with 120 units, a rooftop pool and amenity deck, and parking for around 194 vehicles.

The proposal was recommended for approval along with a few recommendations by the city’s Urban Development Review Board.

According to Marissa A. Neufeld, an attorney for the developer, the land is divided into three parcels and is bordered to the north by an alley, to the west by an existing commercial complex, to the south by Southwest Eighth Street, and to the east by Southwest 56th Avenue.

Ms. Neufeld noted in a letter to the city that the project will contain a combination of parking for cars and bicycles and that the land is near several forms of public transportation and a major downtown thoroughfare, Southwest Eighth Street.

Behar Font & Partners are the project’s designers.

The property is a terrific location, and although it’s a smaller development it has some extremely fascinating elements, Behar & Font’s Javier Font told the board. According to him, the property features stunning views, including J. Fritz and Frances Gordon Park, which is directly south and across the street.

According to Mr. Font, the structure will have a smaller scale, a lot of glazing, and larger balconies, giving it a more horizontally linear appearance. A fully functional gym, a clubroom, a lobby, and coworking spaces will be available on the ground floor. The pool deck and some residential units are on the ninth story.

St. Regis Residences Sunny Isles Beach

One Step Closer to Breaking Ground at St. Regis Residences Sunny Isles Beach

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St. Regis Residences Sunny Isles Beach

A utilities agreement between Fortune International Group and Château Group has been reached, allowing the St. Regis Residences Sunny Isles Beach, a two-tower residential complex planned at 18801 Collins Avenue in Sunny Isles Beach, to begin construction.

The utility agreement, which was signed on March 15th states the amenities, unit count, and parking.Patricia Anastassiadis, a designer based in So Paulo, and Arquitectonica are the interior and landscape architects listed for the project

Two 62-story towers are planned by the developers, which will be taller than any structures in the Sunny Isles Beach neighborhood. First to be finished, the 175-residence St. Regis Residences South Tower. The north tower can rise to 744 feet above ground level or 750 feet above sea level, according to FAA licenses that were approved in March 2022. The south tower is allowed to rise to 739 feet.

These heights will match the proposed height of the nearby Bentley Residences, making the north tower the tallest structure in the neighborhood based on roof height. La Playa Beach Associates LLC, a partnership between Chateau Group and Fortune, is the owner of the 4.7-acre property at 18801 Collins Avenue, which is situated on 435 linear square feet of shoreline property.

The shapes of the towers, which were influenced by the elliptical path of the Earth, convey a feeling of harmony with the natural environment. The project’s enormous curve is given a deeper significance while also creating a distinctive form that contrasts with the city skyline. The floor-to-ceiling windows of the apartments, which provide stunning views of the ocean, city, and Intracoastal, as well as the fine choice of materials and finishes, all bear witness to the meticulous attention to detail and skilled craftsmanship.

In less than six months, the property has already reached $750 million in reservations. The floor-plans for the units will range from 2,000 to 5,600 square feet for two to five bedrooms, as well as 6,600 to over 10,000 square feet for Sky Villas and Penthouses.

Residence Features:

  • Spacious floor plans boasting unobstructed ocean, city, and Intracoastal views
  • Ceiling heights clearing 10ft in regular units and 12ft in penthouses
  • Fully finished with flooring and closets
  • Private elevator and entry foyer in all residences
  • Service elevators
  • Italian designed kitchens with Quartz countertops
  • Miele appliances including wine cooler
  • Walk-in closets in all primary bedrooms
  • Laundry rooms with full-size washer and dryer
  • Smart home technology ready
  • Service quarters in select residences
  • Full floor residences with spacious floor plans
  • East and West terraces with pool on the east
  • Spacious terraces with luxurious private pool and jacuzzi
  • Summer Kitchen
  • Custom-designed Italian cabinetry
  • Graciously appointed primary suits and separate service quarters with separate entrance
  • Stunning, 360-degree views of the Atlantic Ocean and Intracoastal Waterway
  • Indoor BBQ
  • Indoor/Outdoor living space

Tower Amenities:

  • Managed by the St Regis Hotel Company, without hotel premises.
  • Grand entry driveway and 2-story porte-cochere
  • Impressive two-story lobby
  • 10 Guest Suites per Tower
  • Concierge Services
  • Pet-friendly and much more
  • Private beach facilities
  • Oceanfront and sunset pools
  • A signature restaurant
  • Wellness center
  • Spa
  • Athletic club

The construction plans show 1,000 parking spots available for residents and the starting price for units begins at $3.5 million. The project is expected to begin in 2023 and be delivered in 2026.

If you or someone you know have an interest in purchasing at St. Regis Residences Sunny Isles Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.