Tag Archives: miami condo

Regency Residences in Coral Gables

New 18-Story Residential Tower Proposed in Coral Gables

Regency Residences in Coral Gables

The brains behind the development, Armando Codina, said the concept behind this newly proposed tower came to him because he has been wanting to downsize while continuing to live in a high-end luxury apartment without a homeowner’s association.

Codina, Chairman for Codina Partners states that this new development will provide all of the comforts and high-end amenities as the big house he grew up in with his family.

He now seeks approval for this new development concept for the tower Regency Residences. Once complete, he plans on living in the penthouse.

The proposed site for Regency Residences is a 1.75-acre site located at 2601 Salzedo Street in Coral Gables. The property was involved in a land swap with an automotive dealership in April. According to the records, the property was acquired by an affiliate of Codina Partners in Coral Gables, C/LeJeune LLC.

The proposed tower is projected to rise 18 stories tall with 329,197 interior square feet. Included in the square feet is a 4,050 square foot restaurant, 389 parking spaces, and `176 residential units. According to Codina, the residential units may be more or less, depending on demand and floor plans. These units will be referred to as “sky homes.”

Codina originally planned for three condos on the four floors under his penthouse. His most recent statement included Codina possibly leasing each of the floors separately, which equates to 10,000 to 12,000 square feet.

Smaller units will feature 1,500 to 3,000 square feet with 2 to 4 bedroom options. Smaller apartments will be available for building staff.

According to Condina, there will be no short-term leases. Larger apartments will be leased annually or on a multi-annual basis. Long-term tenants who secure a unit early will have input in the design of the units.

Development Information

  • Designer: Coral Gables-based Nicholas, Brosch, Wurst, Wolfe Associates

Amenities

  • Pool deck
  • Resort-style pool
  • Lap pool
  • Two zoom rooms
  • Library
  • Theater
  • Private meeting room
  • Dog spa
  • Fitness center
  • Social room
  • Catering kitchen
  • Summer kitchen

Coral Gables Development Review Committee will meet on October 5th to review and consider plans for Regency Tower. Once approved, the start date for the project is expected to begin in early 2022.

Regency Residences Rendering
Merric Park Development

Avalon Merrick Park Tower Under Construction in Miami

New Construction Tower Avalon Merrick Park in Miami
Photo Credit: L & R Structural Corp., Inc.

Avalon Merrick Park is a new construction apartment tower located at 3811 Shipping Avenue in Miami. The 20-story tower will be located near the Douglas Road Metrorail Station.

When it was originally proposed by the developer, Mast Capital, it was named Shipping Avenue Apartments. After AvalonBay Communities purchased the properties for $12.9 million, AvalonBay entered into a joint venture on the project after Mast Capital took it through the approval process. Mast will remain a partner and is the co-developer for this project.

The shell contractor is L&R Structural and the architect will include Arquitectonica.

Avalon Merrick Park will feature 254 residential units with a studio to 3 bedroom floor plan options. The tower will also include 10,000 + square feet of amenities with the main floor housing 825 square feet of retail space. An 8-story attached garage will feature 319 parking spaces.

Building Amenities

  • State-of-the-art fitness center with professional-grade cardio and strength equipment
  • Rooftop, resort-style pool and sundeck with BBQ area and seating
  • Pet-friendly living with WAG Pet Spa
  • Coworking space including workspace pods and reservable conference rooms
  • WiFi access available in common areas
  • Package lockers for 24/7 package acceptance
  • Smoke-free living
  • Controlled access garage parking
  • Bike storage
  • Easily accessible to retail and dining, including the Shops at Merrick Park
  • One mile to Coral Gables and convenient to Downtown Miami, Brickell, and Coconut Grove

Residence Amenities

  • Studio, one, two, and three-bedroom floor plans
  • Modern kitchens with quartz countertops, tile backsplash, stainless steel appliances, LED lighting, and hard surface flooring
  • Washer/Dryer in all homes
  • Walk-in closets
  • Air conditioning

Avalon Merrick Park is centrally located near retail, shopping, and dining. Located 1 mile from Coral Gables and 5 miles from downtown Miami. Leasing begins in 2023 with construction completion in early 2024.

Miami Condo Sales for the end of June

End of June Condo Sales Reach $259 Million

Miami Condo Sales for the end of June

Another week of real estate sales shows a significant increase in volume and the total number of condos sold for Miami-Dade. According to the MLS, for the week of June 27th, through July 3rd, 357 condos sold for a combined $259 million. The previous week shows only 237 condos sold for a combined value of $159 million.

The average sales price for condos is $725,000. Last week’s price fell to $671,000. We are seeing a steady climb in condo price averages as well as an uptick in new construction sales.

The most expensive sale last week was non-other than a penthouse at The Mansions of Acqualina in Sunny Isles Beach that sold for $27 million. This 9,103 square foot condo features four bedrooms, 6.5 bathrooms, and 2 kitchens, also fully furnished by Fendi/Bentley. This developer-owned (The Trump Group) condo sold for $3,000 price per square foot. This sale is considered the third-highest condo sale in Miami-Dade history.

The second most expensive condo sale was at Continuum of South Beach. This unit sold for $8.6 million at a $2,459 price per square foot. This property was on the market for 108 days. This condo features 3 bedrooms, 3.5 bathrooms, with 3,500 square feet of living space. The property also features an Italian kitchen, marble floors throughout, and gorgeous ocean views.

One of the more notable single-family residential sales includes an Indian Creek Island Mansion purchased by a developer, Todd Michael Glaser for $24 million. This property located at 37 Indian Creek features 7,236 square feet of living space situated on 1.2 acres. Glaser plans to demolish this estate to build a larger home with 2 pools and double the square footage with hopes to list the new construction home at $50 million.

Missoni Baia Miami Condos

Missoni Baia Tops off Construction

Missoni Baia Miami Condos

The long-awaited 649-foot waterfront tower, Missoni Baia is now topping off construction at 57 stories. Located in the Edgewater neighborhood of Biscayne Bay at 777 NE 26th Terrace. Missoni Baia is the first Missoni branded condominium tower in the world.

Developers for this project include OKO Group and Cain International who are responsible for creations such as UNA Residences and 830 Brickell. The building is being designed by architect Hani Rashid of Asymptote Architecture and landscape design by Enzo Enea.

Missoni Baia in the Miami Skyline

This luxury tower features 249 units with 1 to 5 bedroom floor plans measuring between 776 and 3,788 square feet. Pricing for the units fall between $650,000 to $9 million. This bayfront tower also features 200 feet of linear Bayfront access.

According to Vanessa Grout, the CEO of the OKO Group, domestic buyers surged once single-family home prices escalated. “As a result, luxury condominiums like Missoni Baia are proving much more attractive, promising less maintenance costs and an abundance of resort-style amenities,” says Grout.

Missoni Baia Bayfront Pool

Interior unit features include 10-foot ceilings, expansive terraces, impact-resistant glass windows, and custom kitchens with high-end appliances. Residents of Missoni Baia will have access to ultra-luxurious amenities including a private spa with sauna, steam room, multiple pools with poolside lounges, a bay-terrace lounge, resident game room, kid’s pool and play area, and a pet spa.

As of June, a majority of the units at Missoni Baia have sold, and closed sales have reached approximately $100 million. This gorgeous tower is set to complete at the end of 2021. If you or someone you know have an interest in purchasing one of the units at Missoni Baia, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

Miami Condo Statistics

Volume for Condo Sales Rose more than $60 Million for June

Miami Condo June Statistics

According to the Miami-Dade MLS (Multiple Listing Service), condo sales for Miami rose more than $60 million, while the number of units remained steady. As of last week, 273 units sold, which is very similar to the previous week with a dollar amount totaling just over $210 million, with the previous week at $149.3 million.

The average sell price for condos from June 13 to June 19 is up to $770,000 with the previous week at $541,000. The most expensive sale for this week included a penthouse at Miami Beach’s Faena House for $11.2 million equaling $2,628 per square foot. The unit was on the market for 267 days.

Faena House condominium is located at 3315 Collins Avenue in Miami Beach. It is an ultra-luxury tower with 47 units rising 18 stories tall. This building offers 1 to 4 bedroom floor plans with 1,307 to 8,273 interior square feet of living space. Residence features include; Miele appliances, Dornbracht bathroom finishes, marble flooring, and Crestron Automated Systems. Residents enjoy exclusive amenities including a 24-hour doorman, valet, spa, fitness center, beach club, and direct ocean views.

The second most expensive sale was at the Surf Club Four Seasons in Surfside selling for $6 million at $3,409 per square foot. This property was on the market for 126 days.

Surf Club Four Seasons located at 9001 Collins Avenue and 9111 Collins Avenue in Surfside was designed by architect Richard Meier who brilliantly blinded the historical Surf Club and the new 12-story development. The Surf Club Four Season features 150 residences and 77 hotel rooms. The residences feature 1 to 5 bedroom units with staff quarters ranging from 1,411 to 7,500 square feet of living space with floor-to-ceiling glass walls, expansive balconies, and unobstructed views of the Atlantic Ocean and Biscayne Bay.

Continuum South Beach

Continuum South Beach Bulk Sale for $30 Million by Two Former Morgan Stanley Execs

Continuum South Beach

In 2014, Karen Bechtel and her husband William McKinley Osborne III (former Morgan Stanley executives) purchased 3 total units at Continuum South Beach South Tower for $21 million. Records show that they purchased units 3602, 3603, and 3604 and combined it into one unit totaling 8,229 square feet on the 36th floor.

The full-floor condo was originally listed in March 2021 with an asking price of $36.5 million. The gorgeous combined units feature a total of 6 bedrooms, 5.1 bathrooms with a 2-story main suite. Two kitchens, a theater and 3,704 square feet of balconies make up the rest of the luxury apartment.

According to county records, the buyer was listed at MFTMA Holding LLC. The price per square foot totals $3,646, and is considered Miami Beach’s fourth most-expensive condo deal since 2005.

Continuum South Beach Towers

Continuum developer Ian Bruce Eichner also sold his penthouse in the building for $35 million in April 2021 that was originally listed for $48 million two year ago. Another sale for Continuum included CEO of a financial tech company purchased 2 combined units for $12.1 million.

Bechtel and Osborne were both Managing Directors at Morgan Stanley from 1980 to 1991. Bechtel is currently a senior adviser at Carlyle Group. During the pandemic, they established a non-profit organization called Meals for Heroes Miami that focused on partnering with local restaurants to provide food for health care workers and first responders. In April, the couple bought a mansion in Tahiti Beach for $28.9 million.

Continuum was built in two phases by developer by Bruce Eichner in 2002. Residents of Continuum South Beach enjoy arguably the best resort-style amenities.

Continuum South Beach Aerial

BUILDING AMENITIES

  • Stunning landmark architecture
  • 1,000 ft of direct beach front access
  • 24-hour welcome desk with concierge  
  • 24-hour guest valet 
  • Elegant resident club room
  • Luxury Health spa with sauna, steam room
  • Two lagoon-style pools
  • State-of-the-Art gym
  • Business Center 
  • Lush and manicured landscape
  • 3 Tennis Courts
  • Outdoor restaurant
  • Multi-story health club & spa

RESIDENCE AMENITIES

  • Ten foot high ceilings
  • Private balconies with glass railings
  • Floor to ceiling sliding glass doors
  • Imported marble countertops, backsplash, and whirlpool decks
  • Imported marble flooring in wet areas and shower
  • Designer fixtures
  • Whirlpool tubs
  • European bathroom vanity cabinets
  • Seamless glass shower doors
  • Custom European designed cabinetry
  • Granite Countertops
  • Under counter lighting
  • Faber “Inca Smart” integrated hood vent
  • Sub-zero built-in refrigerator-freezer
  • Miele touch-control cook top
  • Miele integrated dishwasher
  • Miele microwave oven
  • Single-lever faucet with pull out spray

If you or someone you know have interest in purchasing one of the units at Continuum South Beach, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

view from Baccarat Residences Tower 2 in Brickell Miami

Renderings Released for Baccarat Residences Miami

Baccarat Residences Miami 75-story tower

Baccarat Residences Miami is the newest pre-construction tower located in Brickell that will soon grace the Miami skyline with its gorgeous glass exterior. The location is ideal placing Baccarat Residences in the heart of downtown at 444 Brickell Avenue.

Rising 75 stories, the collection includes 324 residences that will begin on the 15th level. The top 3 floors will feature 8 penthouses with immaculate ocean and skyline views. In addition, there will also be 28 riverfront flats and duplexes of your choosing.

Units will range from 1,330 square feet to over 7,000 square feet, with each unit featuring integrated purified air and water filters, impact-resistant floor-to-ceiling glass doors, 8-foot deep private terraces, and 10-foot high ceilings. Kitchens will be top-of-the-line with high-end appliances, granite counters, and custom cabinetry.

Interior Designed by Meyer Davis Studio, the building design incorporated a mixture of 18th-century French and 1930s Art Deco. The developer includes the Related Group with the landscape architecture designed by Enzo Enea.

view from Baccarat Residences Tower 2 in Brickell Miami

The elevated waterfront amenities deck will include an infinity pool with killer views of Miami and Biscayne Bay. Enjoy fine dining at the 10,000-square-foot restaurant that will be announced once construction continues. Additional amenities include a state-of-the-art fitness center, spa, wine cellar, and tasting room.

living-dining room from Baccarat Residences Miami
kitchen at Baccarat Residences Miami

Quick Facts:

DEVELOPMENT OVERVIEW

  • Privileged Brickell waterfront position, where the Miami River meets Biscayne Bay
  • Dazzling contemporary 75-story glass tower
  • Collection of 324 tower residences, 8 penthouses, and 28 riverfront flats and duplexes
  • Panoramic views of Biscayne Bay, the Miami River, and the Miami city lights and skyline from every residence
  • Artful service and amenities impeccably curated by Baccarat Hotels & Residences and expertly managed by SH Hotels & Resorts
  • Lushly landscaped waterfront promenade and private marina
  • Planned 10,000 square feet signature waterfront restaurant
  • Curated museum-quality art collection

BUILDING AMENITIES

  • Lushly landscaped secluded private entrance leading to the riverfront arrival court and elegant porte-cochere entrance
  • Exquisitely appointed entrance lobby with grand high ceilings leading directly to three banks of double private elevators to each residence
  • Permanent installation of curated museum-quality art collection throughout the building’s public spaces
  • Elevated 12th-level amenities resort deck loaded with a dramatic zero-entry heated saline swimming pool, outdoor spa, pool-side cabanas, summer kitchen area, and beautifully landscaped sun terrace
  • Glamorously designed Grand Salon, set as the ideal location for both intimate gatherings and grand celebrations
  • Luxurious Clubroom with bar and billiards, catering kitchen, and multimedia facilities
  • State-of-the-art fully equipped fitness center curated by Altitude
  • Fitness with cardio theater, spinning room, yoga and meditation rooms, all overlooking the pool deck resort area
  • Hammam spa with men’s and women’s steam and sauna facilities, luxurious treatment rooms, and spa shop
  • Private screening room with cutting-edge audiovisual equipment and theater-style seating
  • Game room with multimedia facilities and children’s playroom
  • Business Center with conference facilities and private workspaces
  • Gourmet market
  • Wine Cellar and Tasting Room
  • State-of-the-art Chef’s Kitchen and Private Dining room
  • Pet-friendly community with Pet Spa, Grooming, and Walk Service
  • Hair Salon & Barber Station
  • High-speed internet access in all public areas
  • Electric vehicle charging stations
  • Air-conditioned storage rooms
  • Bicycle storage spaces

BACCARAT GLOBAL MEMBER PRIVILEGES

  • Baccarat Owners Circle Services including private shopping, discounts on Baccarat crystal, discounted engraving and gilding, and priority status for custom production
  • Exclusive tour package to Baccarat France, available only to owners of Baccarat Residences
  • Invitations to Baccarat events worldwide
  • Preferred service and privileges at Maison’s Baccarat (Paris and Moscow), BBar (Tokyo) and Crystal Rooms worldwide
  • Hotel privileges in Baccarat Hotels and SH Hotels & Resorts worldwide

This project will break ground in 2022 with a completion date of 2024. If you or someone you know have an interest in purchasing one of the units at Baccarat Residences Miami, please contact Lucas Lechuga via email at [email protected] or by phone at (786)247-6332.

master bedroom Baccarat Residences Brickell Miami
balcony from Baccarat Residences Miami Brickell
DJ David Guetta in concert

Want to Buy David Guetta’s Miami Condo? It will Cost you $14 million or 348 in Bitcoin

DJ David Guetta in concert

The internationally famous French DJ, David Guetta has listed his Miami beachfront lower penthouse condo at Setai Hotel and Residences in South Beach. Listed at $14 million, he is also accepting payments in Bitcoin (BTC) or Ether (ETH). At todays prices, $14 million is equal to 348 BTC (6/14/2021).

His luxury 3 bedroom fully furnished residence is located on the 37th floor and boasts 2,528 square feet of living space. The condo features 3 bedrooms, and 3 bathrooms with 2 master suites.

The wraparound balconies offer unobstructed views of the Atlantic Ocean, Miami Beach, and the Miami skyline. This penthouse has been tastefully designed by Piero Lissoni.

Setai Hotel and Residences features 24 hour security, valet, and concierge services. The five-star hotel features many hotel amenities that are available to residences including a 90-foot poolside bar, boutique and art gallery, private ground transportation, three beachfront pools, and cabanas.

DJ David Guetta also has a rental located at Paraiso Bay in Edgewater Miami. This stunning upper penthouse starts at $22,000 a month with a minimum of a 6 month contract.

Guetta originally purchased the property in 2018 for $9.5 million from Richard LeFrak (New York billionaire).

Guetta is a French DJ, songwriter, and producer who has hit 50 million in record sales and streams over 10 million. For 2011 and 2020, Guetta was voted the #1 DJ in DJ Mag’s Top 100 DJs. In 2013, he was also title Billboard’s #1 Dance-Pop Collaborator of all Time.

David Guetta's Condo For Sale
Source: Freud Group
David Guetta's Kitchen
Source: Freud Group
David Guetta's Kitchen
Source: Freud Group
David Guetta's Bedroom
Source: Freud Group
View from David Guetta's Condo
Source: Freud Group
Sexy Fish Brickell Flatiron

Sexy Fish Coming Soon to Brickell

Sexy Fish Brickell Flatiron

London hotspot Sexy Fish, will open its first United States restaurant in Brickell in September 2021. Located inside Brickell Flatiron at 1001 S. Miami Avenue, it will be the hottest restaurant this fall!

The Japanese-style restaurant was created by British hospitality entrepreneur Richard Caring, who is responsible for Annabel’s, Ivy Collection, Soho House Group. Chef Bjoern Weissgerber will be running the kitchen at Sexy Fish. He made his first debut at Zuma Miami in 2010 and received his first Michelin star when he was 27 years old.

Sexy Fish Brickell

The menu will feature a wide variety of makis, sahishi, sashimis, and tartares. The bar menu will feature drinks inspired by its London counterpart.

It is unclear what the aesthetic for the Miami location will be but its London location features a golden ceiling, bronze mermaid statue, and exotic fish with coral in large tanks.

Signature Dishes:

  • tuna belly, kombu cured & smoked
  • Yellowtail sashimi & mandarin ponzu
  • crispy duck & watermelon salad, pomegranate & cashew
  • eringi mushroom tempura, summer truffle & aka miso
  • isle of mull scallop, jalapeño sauce & pickled apple
  • wagyu gyoza, foie gras & black truffle
  • caramelized black cod, spicy miso
  • king crab & bone marrow, summer truffle & toast
  • beef tenderloin, 200gr, ginger & black pepper

Late Night Menu:

  • oyster gillardeau & smoked chili sauce
  • salt and pepper squid
  • wagyu tataki, Japanese mustard & summer truffle
  • prawn gyoza, soy & ginger dressing
  • seasonal vegetable tempura (9 kinds)
  • lobster, smoked Marie rose dip
  • green asparagus smoked creamy ponzu
  • Kimichi fried rice
  • lobster Sancho pepper & shiso butter
  • Japanese wagyu A5 sirloin 150g*
  • Japanese wagyu A5 fillet 150g* Sex
Sexy Fish Brickell Flatrion
North Bay Road Waterfront Estate

Jennifer Lopez and Ben Affleck Rent a Waterfront Mansion in Miami Beach

North Bay Road Waterfront Estate

As news continues to spread of Jennifer Lopez and Ben Affleck’s rekindling, it was recently announced that the couple have rented a Miami Beach mansion at 2700 North Bay Road in the North Bay Road neighborhood. North Bay Road features some of the most exclusive properties in South Florida, and has a reputation of luxury, exclusivity, and celebrity appeal.

Lopez and Affleck’s current residence was originally listed at $130,000 a month and still remains active on Miami’s Multiple Listing Service. With Bayfront views, this estate sits on 0.6 acres with 100 feet of water frontage.

With 11 bedrooms, 12 full bathrooms, and 3 half baths, this stunning 2-story residence features 10,114 square feet of living space. Additionally, the home features a guest house, 3 parking garages, gym, office, master suite with expansive balcony, large pool, jacuzzi, spa, and boat dock.

Originally built in 1925 by MV Group USA, the home was renovated in 2015 with a more modern and minimalist design. The home was originally listed for sale in December 2020 for $18.9 million and sold to a Jewelry designer, Paul Morelli in April 2021 for $17.5 million. The home was then listed for rent for $130,000 monthly and the status is still showing as ‘active’ in the MLS. According to the New York Post, Lopez is the one who rented the mansion.

Jennifer Lopez and Ben Affleck's Miami Beach Rental

Jennifer Lopez has previously owned in the neighborhood at 5800 North Bay Road but sold the property to Phil Collins for $33 million in 2015. Lopez and recent ex-fiancé, Alex Rodriguez purchased a home together on Star Island in Miami in late 2020 and it is unclear what they plan to do with the home since their separation.

Jennifer Lopez and Ben Affleck

Lopez and Affleck were previously engaged in 2002 but separated in 2003. Alex Rodriguez is still living in Miami at his other home located in Coral Gables, Florida.