Tag Archives: miamicondos

Club E11EVEN Introduces New NFT Division

NFTs, Velvet Ropes, and Miami

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Club E11EVEN Introduces New NFT Division

In partnership with Horizen Labs (a blockchain firm), club E11EVEN is teaming up to create a crypto-dedicated division referred to as ‘E11EVEN Crypto.’ This new division was announced last week and is planning to introduce NFTs (non-fungible tokens) to the Miami club scene.

NFTs have made huge headway in the US and especially in Miami. Private clubs, Art Basel, and real estate have all traded NFTs in the recent year and we can only expect that this blockchain market will continue to grow.

In order to understand the big news of E11EVEN, you must first understand what an NFT is. An NFT is a non-fungible token meaning that it’s unique and cannot be replaced with something else. If you look at bitcoin, you can trade one for another and you will have exactly the same thing with a set price. With an NFT card, if you were to trade it with another card, it will be valued at something completely different.

The collection of E11EVEN’s NFTs will be referred to as “11 Captain’s Club.” The artwork itself is inspired by the Miami club scene and will include the club’s iconic hat designs. Just one ETF will be priced at around $2,700.

Club E11EVEN has always been known for keeping up with trends and creating innovative revenue streams. The brand has its own vodka label, an apparel company, and even a real estate LLC that partners with FTX for its crypto operations. With this new NFT division, E11EVEN will pave the way for other brands to be involved in the crypto culture and club scene in the US.

According to the owner of E11EVEN, Michael Simkins, “We were the first major club to accept crypto as payment, and now we’ve processed over $5 million of it at the nightclub.”

Horizen Labs stated that they raised $7 million in August for the funding of this NFT division. E11EVEN is set to release the NFTs during the upcoming Bitcoin 2022 conference in April.

North Bay Road Waterfront Mansion

Another North Bay Road Mansion Sells for $13.6 Million

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Aerial View of North Bay Road Waterfront Mansion
Photo Credit: Robert Evangelista

North Bay Road mansions have been a hot commodity this year! In January Phill Collins sold his North Bay Road mansion for $39,250,000 and is set to be demolished by buyer Thomas Bravo. In June, Jennifer Lopez and Ben Affleck rented a waterfront mansion for $130,000 monthly. With so much activity, it’s of no surprise how quickly these Miami Beach multimillion-dollar homes sell.

Lawyer Stephen Zack and his wife, Marquerite, also sold their mansion located at 5310 North Bay Road. The couple sold the home for $13.6 million after they originally purchased the home just 3 years ago for $8.5 million. Since 2018, the home has been listed for sale with an original list amount of $21 million.

The buyer for this Miami Beach home is listed in the county records as North Bay Road Developments LLC, a company that is managed by Guillermo Osses, Francisco Perez, and Miguel Yoma.

According to public records, Osses is the Vice President of Atacama 2108 LLC and is also affiliated with 23 other companies. Yoma is the Manager for San Marino Developments. The partners financed the purchase through Terrabank for $6 million.

The magnificent waterfront estate features 8,148 square feet of living space with 6 bedrooms and 6 full and 2 half bathrooms. The Georgian-style home has been remodeled two times, remarkable mansion features a 5,000 bottle wine cellar, pool. jacuzzi, and expansive home theater.

Stephan Zack is a trial attorney and partner at Bois Schiller Flexner LLP. He was also the lead attorney for former Vice President Al Gore in the Florida recount litigation that took place in 2000. During that time, he was an expert witness for voting accuracy. He is also a past president of the Florida Bar Association as well as the American Bar Association.

The Zacks also have a luxury unit located on the 54th floor of the Four Seasons Residences, which they purchased in July for $8.1 million.

Interior of 5310 N Bay Road in Miami Beach
Photo Credit: Robert Evangelista
5310 N Bay Road in Miami Beach
Photo Credit: Robert Evangelista
North Bay Road Waterfront Mansion
Photo Credit: Robert Evangelista
view from Baccarat Residences Tower 2 in Brickell Miami

Renderings Released for Baccarat Residences Miami

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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
501 FIRST Residences in Downtown Miami

501 First Residences- Renderings and Plans Just Released for the 40 Story Tower in Downtown Miami

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501 FIRST Residences in Downtown Miami

Miami can now officially welcome the newest pre-construction tower to grace our gorgeous skyline, 501 First Residences in downtown Miami. This new 40-story tower with 448, will be developed by Aria Development Group and designed by Revuelta Architecture International, who also designed Wind and 900 Biscayne. 501 First Residences will be located at 501 Northeast 1st Avenue with views of downtown Miami and Biscayne Bay.

Acoording to the Aria Development group, this particular development will be built to cater to the short-term rental market. The biggest perk is that there will be no rental restrictions. Which means, the resident can utilize any consumer platform (Vrbo, Expedia, Airbnb, etc.) to rent and each unit can be rent for 1 day or more.

The renderings reveal floor-to-ceiling windows and expansive balconies. The sleek structure is curved creating a horizontal and vertical grid like design. The exact height of the development hasn’t been released but we can expect the 40-story high structure to be over 450 feet in height.

street level view of 501 First Residences

The 448 luxury units will be fully finished and furnished with pricing starting at $300,000. Floor plans will range from studios, 1 bedroom, and 2 bedrooms. The square footage for each unit is expected to be from 385 to 835 square feet.

Residence Features:

  • Fully finished and furnished residences thoughtfully curated by award-winning design firm, Shim Projects
  • Floor to ceiling glass windows with custom window treatments
  • All residences feature balconies
  • Biscayne Bay and Miami skyline views
  • Finished flooring on all residential interiors and balconies
  • In-unit washers and dryers
  • Kitchens and bathrooms feature custom Italian cabinetry and counters
  • Speed oven by Smeg
  • Integrated paneled refrigerator and freezer
  • Dishwasher
  • Fully built-out closets
  • Hansgrohe bathroom fixtures, features, and accessories in dark matte finish

Building Amenities:

  • Porte-cochère entrance with 24/7 valet service
  • On-site management office
  • Mid-century, modern-inspired interior finishes and furniture in residential lobby with 25ft ceiling
  • Secure bicycle storage in enclosed and air-conditioned space
  • Centrally-located personal storage for all owners
  • Luxer One Package Room featuring a tech-forward, contactless digital package delivery system
  • Dry-cleaning service
  • Ground floor bistro and bar helmed by New York City’s GPG Hospitality
  • State-of-the-art indoor gym with private fitness training rooms
  • Yoga/meditation room
  • 75-foot resort-style lap pool
  • North-facing private rooftop movie theatre experience
  • Grill & Chill on the Sunrise and Sunset Decks
  • Outdoor Game Lawn
  • Hot hydrotherapy bath
  • Private club suite with game tables
  • Entertainment chef’s kitchen
  • Media Room
  • Library
  • Private workspaces
  • Pet Lounge with pet bath station
  • Greenhouse

The site currently features a 2-story buidling that was built in 1924 and was previously the sales center for YotelPad Miami. The entire project will take over 4 lots equaling 22,500 square feet. According to tax records, the developer purchased the lots in 2015 for $8,250,000.

501 First Residences condominium building

According to Miami-Dade Country records, construction permits have not been filed. The ground breaking is expected to be scheduled for spring 2022 with a top-off date in spring 2023.

Ambienta Bay Harbor Islands Rendering

New Construction Tower-Ambienta Bay Harbor Islands Plans Ground Breaking for June 2021

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Ambienta Bay Harbor Renderings

Ambienta Bay Harbor Islands is one of the newest condo developments in Bay Harbor Islands. Located at 9901 West Bay Harbor Drive, this 7 story and 30-unit building will feature quality craftsmanship, high-end materials, and flawless finishes that is truly awe-inspiring.

Although limited to 30 units, this tower will showcase two bedroom + den to three bedroom units ranging from 1,229 to 1,662 square feel. Upon entering the building, you will be greeted with a double-height lobby, glass façade throughout, and gorgeous gardens with tropical plants. Each unit will includes its own two parking spaces and a storage unit. The prices for these units will range from $761,000 to $1.2 million.

Balcony Rendering of Ambienta

Construction Information:

  • Developer: Ambienta Developers
  • Architect: Revuelta Architecture International
  • Landscape Design: David J. Odishoo
  • Interior Design: Bea Interiors Design

Building Features:

  • 360-degree Rooftop Oasis for outdoor enjoyment
  • Infinity-edge swimming pool
  • Outdoor yoga/meditation space
  • Children’s play area
  • Fully outfitted Fitness Center with cardio and weight training equipment
  • Resident’s social room with bar, large-screen televisions, and lounge seating perfect for events or meetings of any kind
  • Impressive double-height lobby with reception seating

Residence Amenities:

  • Two covered parking spaces per residence
  • Corner residences offer wrap-around terraces
  • High impact floor-to-ceiling sliding glass doors and windows
  • All bedrooms have access to expansive balconies
  • Walk-in closets in master bedrooms
  • Master bathroom with double sink, glass shower enclosure with rainfall shower head and hand shower
  • Expansive glass-framed outdoor terraces accessible from bedrooms and living areas
  • Italian kitchens with custom quartz counter tops and Italkraft® cabinetry
  • Bosch® appliance suite includes induction cooktop, built-in stainless steel French door refrigerator, convection oven, microwave oven, and dishwasher
  • Private storage available on same level as residence
  • Bluetooth® enabled keyless entry system with camera technology

Sales have already started on this development and it is expected to break ground in June with a top-off date of July 2022. Closings are set to begin in spring of 2023.

Rendering for Urban22

Melo Group Proposes Two-Story Tower in Wynwood Named Urban22

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Rendering of the Urban22 Tower

The Melo Group is a well-known development group in the Miami area. After completing 6,000+ residential units in Miami over the years, they currently have 2,000 units under construction.

According to The Real Deal, the group met with Miami’s Urban Development Review Board on April 21st to propose a two-tower multi-use project called Urban22 in the Wynwood neighborhood.

Multiple parcels making up the 1.94 acre site stretch’s from Second Avenue, 22nd Street, to 23rd street. The Melo Group started purchasing these sites in 2011.

Each 15-story tower would total 708,119 square feet with an 8-story podium connecting between the two. The towers will feature a proposed 441 apartments, 7,168 sq. ft. of retail, 5,692 sq. ft. of office space, and 529 parking spaces. The garage will feature a pool deck on top

The apartments would range from 725 to 1,200 sq. ft. with studio to three bedroom options.

  • 4 studios
  • 243, one bedroom
  • 152, two bedrooms
  • 42, three bedrooms

There has been no update on what the Urban Development Review Board has concluded but we will continue to monitor this proposed project.

The District in downtown Miami

City of Miami Approves New 37-Story Tower Called The District

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Rendering for the new 37-tower called The District.

The City of Miami has recently approved The Related Group and Parcel C LLC’s proposal for a 37-story residential tower in downtown Miami, named ‘The District.’ This project will included 343 residential condos, 2,297 square feet of retail space, and will have no parking (the developer is requesting a waiver to allow off-site parking). The design and plans were prepared by Siegar Suarez Architects.

The District is proposed to be 393 plus feet tall and will be located at 225 and 223 N. Miami Avenue. According to Miami Today, The District will have retail on the ground floor and the apartments will be located above the retail space. The paperwork that was filed also includes that some units may be transitioned into hotel rooms as well.

Amenities for The District include a gym, raquetball, basketball, lounges, pool-deck, rooftop spa, and barbeque area.

Several waivers have were requested and approved for the Miami 21 zoning code:

  • Primary and secondary setbacks
  • Side and rear setbacks above the eighth story
  • Permit off-site parking within 1,000 feet
  • 10% increase in the maximum lot coverage
  • Two residential loading berths substituted for one commercial loading berth
  • Reduction of the required ground level setback on the property’s frontage

According to the Board member Robert Behar, who shared concerns about pedestrian safety with the limited amount of parking available.

According to the The Related Group’s Attorney, Ms. Escarra, has stated, “The Project limits the interaction between vehicles and pedestrians by removing vehicular access to the Property. This will allow pedestrians to enter the Project with no vehicular conflict, as parking will be provided offsite, per the requested Waiver.”

The city’s Urban Development Review Board voted unanimously to recommend approval of the project on April 9, 2021. The construction permit has not been filed yet and the groundbreaking is set to begin sometime this year.

One Thousand Museum

One Thousand Museum Secures Loan 3 Weeks after Foreclosure Announcement

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One-Thousand Museum Exterior Drone

The future is looking bright for the developers of One Thousand Museum Residences. Just three weeks ago, the Reuban Brothers filed a foreclosure lawsuit against the developers for $82.7 million with interest. As of March 3, 2021, which is the date of the filing, 15 developer units were still available in the tower.

Within three weeks of the foreclosure announcement; Louis Birdman, Gilberto Bomeny, Kevin Venger and partners Gregg Covin and Todd Glaser, have secured and closed on a $90 million condo inventory loan from Cirrus Real Estate Partners. This new loan closed on Monday and will pay off the loan balance that was originally provided by Fortress Investment Group in 2016. It will also give the developers time to sell the additional units.

The mortgage broker for this transaction was Jim Fried, President of Sandstone Realty Advisers. A former Fortress executive, who is now the Managing partner at Cirrus Real Estate Partners, Tony Tufariello, expects the developers to sell the units with the next couple of years. Tufariello stated that they were “attracted to the buildings larger floor plans and amenities, and encouraged by the recent uptick in sales.”

The developers stated that they were planning to pay off the original construction loan but it was “pushed due to travel restrictions that hindered lenders from walking the final project.”

One Thousand Museum Exterior Entrance

This luxury tower features a private rooftop helipad, valet services, and well spa. One-Thousand Museum is also home to David and Victoria Beckham.

Building Amenities:

  • Double height aquatic center with indoor pool
  • The Sky Lounge provides a dramatic venue for private events for residents
  • Private rooftop helipad. The helipad will make nearby islands, private and commercial airports, and private yachts easily accessible
  • Multiple recreation areas for swimming, sunning, socializing, and fitness
  • 24/7 specialized security and valet personnel, other on-site staff including concierge, professional management, and other specialized personnel
  • Custom scenting by 12.29 in all interior amenity spaces including the lobby, wellness & spa level, aquatic center, and sky lounge (can be available in residences upon request)
  • Bank-quality vault with individual safe deposit box for every residence, offering residents the convenience and security of storing their valuables onsite

Residence Features:

  • Private residences are accessed from the lobby via secure, high-speed elevators that feature destination-entry smart technology
  • East-to-west flow-through floor plans that capture the mesmerizing panorama of Biscayne Bay and Atlantic Ocean views as well as the Miami skyline
  • Oversized terraces
  • Custom Italian kitchens with quartz countertops
  • Induction cook tops, in wall ovens, steam ovens, microwaves, dishwashers and integrated coffee makers by Gaggenau
  • Refrigerators by Sub-Zero
  • Faucets by Dornbracht and other quality manufactures
  • Custom-designed Italian made walk-in closets
  • Interior doors throughout the residences are by Lualdi Porte. All doors have been customized with Valli & Valli’s Duemila Cinque series handles designed by Zaha Hadid
  • European Interior Illumination products by Apure Architectural Lighting and other premium manufacturers customized by German designer, Uli Petzold.
  • State-of-the-art home automation infrastructure by Crestron

These unique and luxurious units range from $4.95 million to $20 million and with the popularity of the luxury condo market, the inventory has become limited. If you or someone you know have an interest in purchasing one of the One Thousand Museum Residences, please contact Lucas Lechuga via email at [email protected] or by phone at 786-247-6332.