Tag Archives: four seasons hotel miami

Four Seaons Private Residences Coconut Grove

Four Seasons Private Residences Coconut Grove Construction Update

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Four Seaons Private Residences Coconut Grove

The highly anticipated Four Seasons Private Residences Coconut Grove is making significant strides towards becoming a new landmark in Miami’s luxury real estate scene. The developers, CMC Group and Fort Partners, recently finalized a deal to connect the upcoming 20-story tower to Miami-Dade’s water and sewer system, a crucial step in the project’s progression.

The construction permit application for this new addition to Coconut Grove’s skyline was submitted in December and is currently under review. Once completed, this will be the first standalone Four Seasons residences in Florida, marking a significant milestone for the brand in the state.

In a notable move, the developers launched sales for the 70 residential units in April, bypassing the traditional reservation stage. The response was immediate and enthusiastic, with buyers going straight to contract, underscoring the strong demand for these exclusive properties.

The residences will offer a range of options from two- to four-bedroom units, with sizes reaching up to 3,980 square feet. For those seeking even more space and luxury, four penthouse residences are available, ranging from nearly 6,430 to a sprawling 9,690 square feet. Each unit will feature private elevators and 11-foot ceilings, providing an unparalleled sense of space and privacy.

The design of the Four Seasons Private Residences Coconut Grove is in expert hands. Renowned Florentine designer Michele Bönan is overseeing the interior design, ensuring a sophisticated and timeless aesthetic. The architectural vision is led by Miami-based architect Luis Revuelta, known for his innovative and elegant designs.

As this project moves closer to realization, it promises to set a new standard for luxury living in Miami. With its prime location, world-class design team, and the prestigious Four Seasons name, these residences are poised to become a sought-after address in Coconut Grove.

For potential buyers and investors, the opportunity to own a piece of this exclusive property is both a lifestyle and an investment opportunity. Stay tuned for more updates as this exciting project continues to take shape.

Four Season Hotel and Residences in Brickell

Four Seasons Miami Sold for $130 Million

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Four Season Hotel and Residences in Brickell

Developer for the Four Seasons Surf Club in Surfside recently purchased the Four Seasons Miami in Brickell for $130 Million. With this purchase, Fort Partners (developer for Four Seasons) now have full control over all of the Four Season properties in South Florida.

The deal was financed through a New York company Madison Realty Capital for a $105 million loan. The full purchase price is unknown but according to the press release, the property traded for close to $130 million. This selling price equals $588,000 per room.

1425 Brickell Avenue Four Seasons Hotel and Residences

The hotel located at 1435 Brickell Avenue is a part of a 70-story tower that includes residential units, retail, parking, and a gym. The hotel was completed in 2003 and was considered then the tallest tower in Miami.

According to the Managing Principal and Co-found of Fort Partners, their plans are to renovate the hotel. They also want to ‘modernize’ the hotel rooms, lobby, and pool deck. They are also looking for additional food and beverage restaurants/bars to join the brand.

The sellers for the hotel include Westbrook Partner, a New York-based company. They purchased the property 10 years ago with a 3 part deal to eliminate debt on another Miami Property. They originally acquired the property for $40 million. Fort Partners was represented by JLL’s Jim Dockerty, Kevin Davis, and Mark Fisher.

Last year, the tourism industry stood at a pause as well as a dim future. Now, that states have opened up and are allowing travel, we are seeing more hotel transactions. In June, Pebblebrook Hotel purchased Margaritaville Hollywood Beach Resort for $270 million. Allen Morris Company, Stormont Hospitality, and Black Salmon teamed up to purchase a Miami Beach hotel for $25.5 million. TPG Real Estate Partners have also purchased 2 hotels in Edgewater for $61 million.

Pool Area and Four Seasons Hotel and Residences
Photo Credit: resortpass.com