Posts

Brickell’s First New High-Rise Apartment in Over a Decade Opens This Fall

solitair_wp

After 12 years without a new high-rise apartment building, Brickell will soon welcome its first in November. OBR took The Real Deal South Florida on a private tour of the neighborhood’s newest luxury rental project, Solitair Brickell. Read the full story below!

Multifamily developer Zom just launched pre-leasing for Solitair Brickell, a 50-story, 438-unit building located at 86 Southwest Eighth Street. Residents will begin to move into the first 20 floors of the building in November, and the remaining floors will be delivered by February.

Because Solitair will still be under construction when the first phase is completed later this year, Zom is offering a discount on rents. Studio apartments will start at $1,600, one-bedrooms at $1,850 and two-bedrooms at $2,500.

When the second phase opens early next year, monthly asking rents will increase by about 16 percent for studios and one-bedrooms, up to $1,900 and $2,200, respectively. The pre-construction incentive is higher for two-bedroom apartments, with monthly rents increasing by 19 percent to $3,100. Zom just opened an off-site sales center at Mary Brickell Village.

Stantec is designing the building, which will include a pool and amenity area on the 50th floor rooftop and retail on the ground floor. The Orlando-based developer paid $16.8 million for the site in 2014 and broke ground on the project last year with a $108 million loan from JP Morgan.

Solitair is a joint venture between Zom and AIG Global Real Estate, an affiliate of the insurance provider AIG that both develops and invests in real estate. It’s one of three rental projects Zom has underway in Greater Downtown Miami, including Maizon, Avant at Met Square and Luma at Miami Worldcenter.

A number of rental projects are in the pipeline in a market that’s been dominated by condo development. “There’s more viability for rental housing than there has been before,” West said. “Regardless of their age, [renters will be] people who value pedestrian proximity to the things they do in their life.”

Solitair is across the street from Brickell City Centre, and surrounded by new development like SLS Lux and Brickell Heights.

Panorama Tower will open soon after Solitair in January, a spokesperson said, adding another 821 luxury apartments to the Brickell market. The 85-story mixed-use tower will also become the tallest residential building south of Manhattan in the U.S. Apartment rents at Panorama will start at about $2,420 a month, and to encourage residents to ditch their cars, developer Florida East Coast Realty will offer a $1,000 bonus for renters who do not require a parking space.

This year alone, nearly 13,500 new apartments will be delivered in South Florida, marking the fifth most active U.S. metro for multifamily construction, according to a recent report. During the first half of this year, the supply of new inventory outpaced demand with rents increasing at a slower pace, Berkadia reported. Landlords are also expanding average concessions on rent by 10 basis points to 0.6 percent of asking rent.

Oleta Partners Makes College Attainable for North Miami Students

 

unknown

The developer of SoLé Mia, Oleta Partners, continues its commitment to support the City of North Miami community by helping students attain post-secondary education.

During a recent City Council meeting, 16 students were awarded $3,000 scholarships after meeting the required criteria, which includes earning a GPA of 2.75 or above from high school, or a letter grade of “C” or above in college as a full-time student.

As part of its community benefits package, Oleta Partners committed to donating $750,000 to support the vision of the North Miami Educational Foundation, Inc.: To make higher education and learning a reality for North Miami students in need of an opportunity to attend college.

Since 2014, Oleta Partners has donated $650,000 to the foundation, and in total, 33 students have received scholarships and are on their way to completing their college education.

SoLé Mia is the latest development by Turnberry Associates and LeFrak. The premier 184-acre master-planned community is the largest project in the City of North Miami’s history and is set to become South Florida’s next iconic neighborhood, as well as an economic driving force for the City of North Miami.

Ralph Choeff Sits Down with Indulge Miami

Photo By: Nick Garcia Photography

Photo By: Nick Garcia Photography

The August/September issue of Indulge Miami is finally out and we’re thrilled to share the article featuring our client, Ralph Choeff of Choeff Levy Fischman. 

Ralph Choeff, Miami’s maven of tropical-modern architecture, is seated on a creamy, plush Minotti sofa inside a 10,500-square-foot, seven-bedroom, seven-bath spec home, known as Casa Ischia, that he designed on Miami Beach’s Hibiscus Island. The architect wears a bespoke navy Tom James suit with an open white-collared dress shirt and speaks in that self-assured, clipped manner characteristic of a Brooklyn native.

“What I want to do is, I want to open all of this up for you because — I’ll blow your mind,” he said, springing to his feet. He darts toward a wall of pocketing sliding-glass doors that run along the home’s southern perimeter, revealing panoramic views of Biscayne Bay and downtown Miami’s skyline.

“You cannot imagine, sitting here, what this space transforms into,” he said, sliding each of the living room’s eight glass panels into one another, completely removing the barrier between outside and in. The home’s ipe wood floors give way to the limestone pool deck. The glittering blue mosaic, wet-edge infinity pool does just what its name suggests, flowing seamlessly into the bay.

It’s about an hour before sunset. Miami’s blue skies are stitched in a soft muslin of clouds casting a hazy, pre-twilight glow onto the bay. This view was mesmerizing before opening the doors. Now, there’s a palpable peaceful feeling of floating with the current and the bay breeze. “You become part of the architecture of Miami,” Choeff said. “You really have to experience it to understand it.”

This is what Miami’s tropical modern architecture is all about. Choeff, 61, principal at Choeff Levy Fischman Architecture + Design, has spent the past three decades perfecting the style for discerning and high-profile clients, including Alex Rodriguez and his Coral Gables home. The style combines the clean lines and sharp angles of mid-century modern architecture with tropical wood, stone and stucco indigenous to Miami.

“It’s very conducive to South Florida living because of our surroundings,” Choeff said. “Our climate, our views — you can literally live like this all year.”

To read the full story, visit Indulge Miami.

Miami Beach Mansion Designed by Choeff Levy Fischman Gains National Attention

7-17-17A spec home on Miami Beach’s North Bay Road, where many celebrities have owned homes, returned to the market this month for $26.95 million.

Designed by Choeff Levy Fischman, the two-story residence features an abundance of expansive glass windows to connect indoor living with the entertaining spaces edging the Biscayne Bay.

The 15,000-square-foot mansion has a 40-foot wide living room, seven bedrooms, as well as nine full bathrooms and two half bathrooms. There is also an indoor-outdoor gym, private yoga deck, an office, a home theater, dining and kitchen and a 600-bottle wine cellar. The exterior of the tropical modern residence features Ipe wood and white stucco finishes, warm limestone cladding and custom Italian doors.

Outdoor amenities include an infinity pool, full-kitchen and cabana, three-car garage, lush landscaping, and a dock with 100 feet of water frontage.

One of the home’s most unique features is a 2,500-square-foot rooftop deck designed for entertaining with views of Biscayne Bay and Downtown Miami to the west, and the Atlantic Ocean to the east—a rarity in Miami real estate.

The developer bought the site in 2013 for $6.6 million, according to property records.

North Bay Road is filled with celebrity residents, including NBA player Dwyane Wade, fashion moguls Tommy Hilfiger and Calvin Klein and former baseball star Alex Rodriguez.

To read the full article, visit Mansion Global.

Miami’s Inaugural Hospitality Design Awards

Call for entries!

awards-ad-final-low

Oberhausen Marketing & Public Relations, alongside AIA Miami and the Greater Miami & The Beaches Hotel Association (GMBHA), is now accepting entries for the inaugural Miami Hospitality Design Awards. Project owners and licensed architects and designers from anywhere in the world with hospitality projects located in Miami-Dade County completed between January 1, 2014, to December 31, 2016, are invited to enter through January 20, 2017.

In recent years, Miami has experienced unprecedented growth in the hospitality sector. Supported by some of the world’s leading brands and through the work of their architecture and design partners, they have unleashed the most significant, visionary hospitality built environments in the country.

“The awards will showcase excellence in architecture, elevate public consciousness of great design, and recognize those architects, designers, construction partners and hospitality venues whose work enriches our built environment,” said Cheryl Jacobs, Executive Vice President, AIA Miami.

“With our support and that of AIA Miami, Oberhausen Marketing & PR and Hospitality Design magazine, the awards will recognize the wonderful diversity and design excellence that continues to put Miami’s hospitality industry on the world map,” said Wendy Kallergis, President and CEO, GMBHA.

Hospitality projects include hotels, restaurants, nightclubs, lounges and bars.

Winners will be announced during a grand event on March 6, 2017, at the world-renowned Faena Forum in Miami Beach.

A special thanks to our presenting sponsor Hospitality Design magazine.

To enter, and for more information on the award categories and criteria, please visit miamidesignawards.com.