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BrickellHouse Condo Development Complete, Units Sold Out

24 Oct 2014, 5:53 pm

By Balazs Szekely, Associate Editor

BrickellHouse exterior rendering

BrickellHouse, Newgard Development Group’s brand new$190 million, 374-unit luxury condo tower is now completely sold out and has officially received its temporary certificate of occupancy. The developers started sales in October 2011.

Located in downtown Miami’s Brickell Financial District, the 46-story BrickellHouse tower is the first residential high-rise to launch sales following the 2008 economic downturn. Units range in size from studios and one to three bedrooms to penthouses that reach 7,000 square feet. The development features expansive bay, ocean and skyline views as well as state of the art amenities including a rooftop pool deck, health spa and fitness center, completed with a fully-automated robotic parking garage system.

“We believed there was a strong demand for new luxury product in Miami’s urban core and when we sold 90 percent of our units in just a few months, we confirmed it,” said developer Harvey Hernandez, chairman and managing director of Newgard Development Group.

The company recently joined forces with Midgard Management Company to carry out another major project in downtown Miami, the redevelopment of Morris Lapidus’s One Flagler Building, converting it into a boutique office condominium. The partnership is investing $10 million in renovations that include the addition of new office suites and the complete redesign of all common areas and amenities.

“We are continuing to stay ahead of the curve with One Flagler, the first new-to-market office condominium since the downturn,” Hernandez added.

Newgard is also underway with the 352-unit Centro condominium, another project in Miami’s downtown area. It will feature loft-style units, contemporary designs by celebrity designer and social entrepreneur Yves Béhar and a partnership with the Car2Go vehicle-sharing program.

BrickellHouse unit owners are expected to begin moving in starting this November.

Photo credits: Newgard Development Group


Swire Signs 180-KSF Lease with Akerman LLP at Brickell City Centre Green

20 Oct 2014, 2:24 pm

By Balazs Szekely, Associate Editor

Akerman LLP will soon move its headquarters to Brickell City Centre Green. The largest law firm in the Sunshine State will occupy 108,000 square feet, 80 percent of the Class A office space in Swire Properties’ tower.

The new anchor tenant is a top 100 U.S. transactions and trial law firm with more than 600 lawyers and government affairs professionals. With offices in 20 cities nationwide, the company is also ranked among the top 50 law firms for diversity in The American Lawyer’s Diversity Scorecard. Akerman’s Miami branch is the largest on the local market, with 160 lawyers, currently in the SunTrust building at One Southeast Third Avenue. The firm acts as real estate and land use counsel to Swire Properties in the development of Brickell City Centre, Miami’s 5.4 million square-foot, billion dollar development which is the largest mixed-use project currently under construction in the U.S.

Brickell City Centre Green is one of two office buildings under construction within Brickell City Centre. Located at 98 SE Seventh Street, on the East block of the property, the tower has direct access to the Eighth Street Metromover station, which the is currently being upgraded by the developer. The top of the building will wear a sign with Akerman LLP’s name.

The complex has also recently welcomed Saks Fifth Avenue as retail anchor. Reach, the first residential tower of the project is over 70 percent sold at the moment. The second office tower, to be called “Two”, is expected to open in early 2016.

Tere Blanca, President and CEO of Blanca Commercial Real Estate represented the tenant with support from Alexander Cahlin and David Valdez. The relocation has been this year’s largest corporate lease transaction in Miami.

Photo credits: Swire Properties Inc.

Moss to Carry out Penn-Florida’s Via Mizner Project in Bocal Raton

13 Oct 2014, 3:04 pm

By Balazs Szekely, Associate Editor

Penn-Florida has recently awarded Moss & Associates a construction contract for the first phase of its 830,000-sq.-ft. Via Mizner mixed-use development in downtown Boca Raton.

Headquartered in Fort Lauderdale, the contractor is a privately-held construction firm with several successful projects in Palm Beach County, including the Boca Raton Resort, Harbourside Place in Jupiter, City Place South Tower in West Palm Beach, and Publix in the Town of Palm Beach. Its wider portfolio includes luxury high-rise residential, landmark mixed-use developments, hospitality, primary and higher education, justice and solar energy facilities. The company is focused on construction management at-risk, design-build and public-private partnerships and operates 11 regional offices over the U.S.

Located at 998 South Federal Highway, the project in the popular Silver Palm Park district is just one mile from the beach. The 366-unit, 14-story Mediterranean-style luxury apartment building to be constructed in phase one encompasses 458,000 square feet along with 18,000 square feet of street-level retail and office space. The complex will also include a 254,000 square-foot covered parking garage. The amenities deck on the fifth floor will boast a heated pool, private reflecting pool and lounge area, clubroom, gym, yoga studio, café and locker rooms.

The range of residences will include one-, two-, and three-bedroom units, each one featuring a balcony with a view of the city, the Atlantic Ocean or the adjacent golf course. Urvanx, a Miami-based architecture firm, designed phase one. A five-star hotel and luxury condominium residences will be built in the subsequent phases.

Image courtesy of Moss & Associates

The Historic Shelborne South Beach Reopens Following $90M Renovation

6 Oct 2014, 5:44 am

By Balazs Szekely, Associate Editor

The rebranded Shelborne reopened in late September as Shelborne Wyndham Grand South Beach after a $90 million restoration and renovation process.

Co-owned by the Galbut family of Miami and Flag Luxury Group’s Dayssi Olarte de Kanavos and Paul Kanavos, the building was built in in 1940 according to Art Deco architect Igor Polevitsky’s plans. The original owners partnered with the two Flag Luxury Group investors to implement the renovation.

Located in South Beach’s Art Deco District, the oceanfront facility is within walking distance to Lincoln Road and Ocean Drive. Shelborne Wyndham Grand features more than 15,000 square feet of event areas that include several meeting rooms, an executive boardroom, breakout rooms, a grand ballroom as well as indoor and outdoor flexible space. The hotel includes multifunctional areas such as the Drawing Room Bar & Lounge that serves as a business center and reading room by day.

Meg Sharpe of Meg Sharpe Interiors and Richard Mishaan of Richard Mishaan Design were in charge of the interior design of the reborn property. Sharpe designed the public areas, including the main lobby reception, the Drawing Room Bar & Lounge, the Blue Harmony Spa beauty and wellness destination, and the pool and lounge area along with the nearby cabanas. Mishaan was tapped to design the guest rooms, suites, corridors, meeting spaces and ballrooms. The Glamorous Group of Tokyo designed the Shelborne’s 180-seat indoor-outdoor Morimoto South Beach restaurant.

Shelborne Wyndham Grand will add two specialty suites by year-end, including a spa suite and its penthouse suite, which will feature a vinyl lounge.

Photo credits: Wyndham Hotel Group

The Harbour Luxury Condo Comes to Biscayne Boulevard

26 Sep 2014, 8:19 pm

By Balazs Szekely, Associate Editor

Visual rendering of The Harbour

Key International and 13th Floor Investments teamed up to deliver another luxury residential project, this time to North Miami Beach. The team behind the new community has previously worked together on projects like 400 Sunny Isles, Mint, The Ivy, Eden House and 1010 Brickell. The Harbour is a 330-unit waterfront condominium at 16385 Biscayne Boulevard created by Corwil Architects and The Design Agency, an interior designer company based in Toronto.

The Harbour comprises two mirrored 26-story towers and a marina of over 4.5 acres which is currently awaiting approval. The development will feature seven floor plans per tower with a selection of one-, two- and three-bedroom units and additional penthouses, ranging from 1,032 to 2,442 square feet. The units feature open-concept floor plans, private elevators, expansive private balconies, and smart-home ready technology. Common amenities include a multi-level breezeway lobby, infinity pool, boat rental service, on-site sports courts, children’s playgrounds, fitness center with juice bar, an outdoor restaurant and bar, dog park, outdoor BBQs and a personal activities coordinator service at the private Waterfront Club and Aqua Activities Club. The Harbour will also have a spa with a full range of therapies and treatments including hydrotherapy plunge pools, steam and sauna rooms. Additionally, The Grove Social Lounge will provide a two-story entertainment area and media room exclusive to residents and guests.

Key International Sales is the exclusive brokerage of record for the Harbour with Ivan Ramirez named Director of Sales. Sales will officially begin this November with median prices starting from the $500,000’s.

Image source: theharbourmiami.com


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