Jerry McDonald Jr, Ari Pearl, Jerry & Joanne McDonald, Alex Witkoff, Craig McDonald, & Kelly Moore
On the heels of securing a $273 million construction loan, Witkoff Group and PPG Development have officially broken ground on The Residences at Shell Bay, a new condominium set within a 150-acre Mediterranean-inspired enclave.
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Witkoff Group and PPG Development have closed on $273 million in construction financing for Shell Bay, a private 150-acre, Mediterranean inspired Miami enclave featuring forthcoming Auberge-branded residences and a hotel, as well as the region’s first private golf club in decades.
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Rendering via MARCH
The Residences at Shell Bay, the world-class, 150-acre enclave in the Miami region, has seen over $100 million in sales at the 20-story, 108-residence condominium tower, following the opening of the ultra-private Shell Bay Club in October. The Shell Bay Club is South Florida's first and only new golf club in over 25 years.
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Rendering via Binyan Studios
PPG Development and L3C Capital Partners have launched sales for Bay Harbor Towers, an eight story luxury waterfront condominium located at 10143 East Bay Harbor Drive in Miami’s exclusive Bay Harbor Islands. Fortune Development Sales will lead the exclusive sales and marketing of Bay Harbor Towers with prices starting at $1.9 million.
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Leading visionary real estate development firms Witkoff and PPG have revealed The Residences at Shell Bay, an unmatched new luxury destination in Hallandale Beach, in partnership with Auberge Resorts Collection, the highly awarded hospitality operator with an acclaimed portfolio of luxury boutique hotels, resorts, and residences. The private golf course, known as The Shell Bay Club, will open this winter and will be the first new golf course in the Miami area in over 25 years.
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The Kobi Karp-designed Slate Hallandale Beach, a recently completed high-rise luxury rental property developed by Ari Pearl’s PPG Development, offers an unparalleled elevated living experience in Hallandale Beach, Florida. The project owned in partnership with BH3 Management and is open to residents. The 26-story luxury rental community with 250 modern residences is located at 101 Diplomat Parkway in Hallandale Beach.
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Image via Epic Media
Ari Pearl has delivered the Kobi Karp-designed Slate Hallandale Beach, a recently completed high-rise luxury rental property that offers an unparalleled elevated living experience in Hallandale Beach, Florida. The project was developed by PPG Development and owned in partnership with BH3 Management. The 26-story luxury rental community with 250 modern residences is located at 101 Diplomat Parkway, Hallandale Beach
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PPG Development, led by Ari Pearl, have acquired Bay Harbor Towers, located at 10141 and 10143 East Bay Harbor Drive. The 1.03-acre property sold for $32 million, which equated to a price of $1,066,667 per existing unit. The transaction was overseen by Cary Cohen of Blanca Commercial Real Estate and Deme Mekras of MSP Group.
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PPG Development, led by Ari Pearl, has acquired TRYP by Wyndham Miami Bay Harbor Hotel for $30 million, roughly $312,500 per key. The acquisition was financed by a $26 million short-term mortgage provided by Arbor Realty SR.
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