The Elser Hotel & Residences Miami, a 49-story new construction luxury condominium located at 398 NE 5th St., has successfully closed on $80 million in sales in less than 60 days. This immense sales volume marks the pivotal return of Latin American investment in South Florida, with 75% of sales coming primarily from Colombia, Mexico, and Chile, as well as the continued fervent demand for turnkey, new construction residences.
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Terra and Turnberry Tap Balfour Beatty As GP For Grand Hyatt Miami Beach Convention Center Hotel
Two of South Florida’s premier real estate developments groups, Terra and Turnberry, have selected Balfour Beatty as the general contractor for the new Grand Hyatt Miami Beach Convention Center Hotel. Located at the intersection of 17th Street and Convention Center Drive, the 17-story, 800-room hotel will serve as the central anchor of the Miami Beach Convention Center District
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Two MICHELIN-Starred Chef And Restauranteur Ryan Ratino To Open New Restaurant In Four Seasons Fort Lauderdale
Fort Hospitality Group, owner of Four Seasons Hotel and Residences Fort Lauderdale, today announced that two Michelin-starred chef and restaurateur, Ryan Ratino, of Hive Hospitality restaurant group’s Washington, DC-based concepts, two Michelin-starred JÔNT and Michelin-starred Bresca, will bring a new dining destination to the property’s beachfront.
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Waldorf Astoria Hotel & Residences Miami Becomes First Supertall Tower to Break Ground In Miami
The first supertall tower to come to Miami has broken ground as the developers of Waldorf Astoria Hotel & Residences Miami have begun drilling and foundation work for the luxury mixed-use tower which is set to rise 1,049 feet in Downtown Miami. Waldorf Astoria Hotel & Residences Miami is being developed by PMG, along with partners Canadian private equity firm Greybrook, global investment company Mohari Hospitality, S2 Development and global hospitality company Hilton (NYSE: HLT).
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Construction Powering Forward At Finvarb Group's Thompson Hotel South Beach
Construction is powering forward at Thompson Hotel South Beach which is being developed by Finvarb Group, led by Ronny Finvarb, and Chahine Investment Corp. The mixed-use project is designed by world-renowned French architect Rudy Ricciotti and is being developed on a .7 acre site at 1685 Washington Ave. When complete the building will feature a 150-room hotel which will be branded as a Thompson Hotel by Hyatt.
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Miami Developer Gregg Covin Announces Plans For Fairmont Hotel Branded Residences
Fairmont Hotels & Resorts, part of world leading hospitality group Accor, in partnership with Gregg Covin, notable Miami real estate developer, announced the signing of definitive agreements for the development and management of the first luxury branded residential offering in the Blue Ridge Mountain region of North Carolina - Fairmont Heritage Place - The Cedars, Hendersonville.
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PMG and Greybrook Launch The Elser Hotel & Residences In Downtown Miami
National investment and development firm PMG, alongside Toronto-based real estate private equity firm Greybrook, have launched The Elser Hotel & Residences, a 49-story new construction luxury condominium located at 398 NE 5th St. The newly completed tower offers 646 fully furnished residences, over 19,000 square feet of curated amenities and 5,000 square feet of prime retail space.
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Pebb Capital and LeaseFlorida Sell Hampton By Hilton at The Continental in Miami Beach For $43.9 Million
Pebb Capital and LeaseFlorida have sold the Hampton by Hilton at The Continental in Miami Beach, Florida for $43.90 million. The sale closed on June 15 to a privately held LLC. The JV renovated the historic structure in 2016 for $25 million. This deal is a record for the Hampton flag, marking the second-highest price per key in the brand’s portfolio and is significant for the area.
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Kadir Tokman, Civic Construction; Edgardo Defortuna, CEO of Fortune International Group; Kasim Badak, CEO of Okan Group; Murat Gülen, Board of Directors of Okan Group; Ibrahim Fesli, Board of Directors of Okan Group; Commissioner Ken Russell; Isil Okan Gulen, Okan Group; City of Miami Mayor Francis X. Suarez; Former Prime Minister of Turkey Binali Yildrim; Bekir Okan, Chairman of the Board of Directors of Okan Group; Turkish Ambassador to the United States Murat Mercan; Ozkan Okan, Okan Group; Robert Behar, Behar Font & Partners; William J. Read, Civic Construction.
Okan Tower Anchored By Hilton Hotel Breaks Ground In Downtown Miami
Okan Tower, the new Downtown Miami megaplex, with residences anchored by a Hilton Hotel, broke ground on Friday, June 17 with all the fanfare of a major international milestone, attended by a who’s who of the business, political, civic, hospitality and real estate brokerage community. Okan Tower represents the largest Turkish investment in the United States with a design inspired by the country’s native flower, the tulip.
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Hyatt and Gencom Propose Arquitectonica-Designed Mixed-Use Redevelopment To Activate Downtown Miami Riverfront
Hyatt has teamed up with Miami-based luxury hospitality and residential developer Gencom, with the goal of redeveloping Downtown Miami’s iconic Hyatt Regency Miami, improving access in and out of the urban core, and activating a key piece of Miami’s riverfront. The Hyatt and Gencom venture is proposing a privately funded redevelopment that will comprise a reimagined upscale Hyatt Regency hotel.
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