On April 22, 2020 PROFILEmiami hosted an interactive webinar discussion focusing on the impact that the COVID-19 pandemic will have on the residential real estate markets in South Florida. We explored topics such as how are South Florida’s leading real estate professionals are reacting to the crisis, how will the markets be impacted, what future opportunities may present themselves and how will lifestyle changes due to the pandemic, quarantine and social distancing change how we think about and develop residential real estate.
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JOIN US FOR A WEBINAR: COVID-19 IMPACT ON RESIDENTIAL REAL ESTATE IN SOUTH FLORIDA
Join PROFILEmiami for an interactive webinar discussion focusing on the impact that the COVID-19 pandemic will have on the residential real estate markets in South Florida. We will explore topics such as how are South Florida’s leading real estate professionals reacting to the crisis, how will the markets be impacted, what future opportunities may present themselves and how will lifestyle changes due to the pandemic, quarantine and social distancing change how we think about and develop residential real estate.
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The Related Group & Dezer Development Successfully Pays Off $114.7 Million Construction Loan For HYDE Suites & Residences Midtown Miami
The Related Group and Dezer Development have officially announced that they have paid off construction financing for the recently completed Hyde Suites & Residences Midtown Miami. The $114.7 million loan was issued by an affiliate of Mack Real Estate Credit Strategies, a New York lending firm, in February 2016.
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Related Group Pays Off $166 Million Construction Loan For SLS LUX Which Is Set To Open
Related Group has announced that they have paid off construction financing for the soon-to-open SLS LUX Brickell Hotel & Residences. The $166.1 million loan was issued by TPG Real Estate Finance Trust, the commercial real estate debt platform of TPG Real Estate, in September 2015.
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Related Group Announces Paraiso District Is Over 97% Sold As Project Nears Completion
Related Group has announced that the Paraiso District, an 11-acre, four-tower luxury development taking shape on Biscayne Bay in Edgewater, is now 97% sold-out. A number of A-list celebrities have already purchased units in the development, including David Guetta, Alex ‘A-Rod’ Rodriguez, Gael Monfils, and more.
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SLS LUX Is Now 100% Sold Out In Brickell, Closings To Begin In Next Few Weeks
The Related Group and The Allen Morris Company have announced that the final penthouse unit at SLS LUX has sold, marking the complete sell-out of the 450-unit luxury tower. Closings are expected to begin in the coming weeks, with the hotel and culinary components opening shortly thereafter.
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Park Grove Hosts Panel Discussion On The Future of Coconut Grove With Terra and Related Group
Park Grove, led by Miami-based mega-developers Related Group and Terra, hosted a panel discussion on the new developments and future of one of Miami's oldest neighborhoods, Coconut Grove. The Lunch and Learn panel highlighted the evolution of Coconut Grove and new happenings in the retail, culinary, commercial, design and architecture sectors.
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Related Companies Pays $12.2 Million for Equinox & Soul Cycle at Related Group's Brickell Heights
The Related Companies has paid $12.2 million for the commercial space leased to Equinox Club and SoulCycle Studio at Brickell Heights. The Equinox Club is three-stories and 30,000 SF while the SoulCycle studio spans about 6,000 SF. The Equinox Club features its own private pool and tanning area on the Brickell Heights amenity deck accessible only to members.
“The closing of Equinox and SoulCycle units Brickell Heights is another step forward in our efforts to transform South Miami Ave. into a vibrant, pedestrian friendly corridor in the same vein as Lincoln Road. Brickell is thriving, and these closings show a long-term commitment to further establish the area as a bustling neighborhood to live, work and play. Our buyers at both Brickell Heights and SLS LUX are excited about these changes and can’t wait to start living the lifestyle,” said Carlos Rosso, President of the Related Group’s condo division.
The combo fitness clubs are located in Related Group's Brickell Heights, which is a two-tower, 690-unit luxury condominium development that opened earlier this Brickell’s South Miami Avenue. Brickell Heights is located next to Mary Brickell Village, Swire's Brickell City Centre, which opened in late 2016, and SLS LUX Hotel and Residences, a joint-venture between The Related Group, The Allen Morris Company and will be operated by SBE. Brickell Heights includes a three-story, 30,000 SF Equinox Club, as well as a 6,000 SF SoulCycle studio, the first in Brickell. Brickell Heights was designed by Arquitectonica.
Construction Update: Auberge Beach Residences & Spa Tops-Off in Fort Lauderdale
Auberge Beach Residences and Spa has officially topped-off the north tower. The north tower is almost sold out, with just 3 residences for sale remaining, and the south tower is over 60% sold. Auberge Beach Residences & Spa features 171 flow-through condominium residences spread over two towers designed by Nichols Brosch Wurst Wolfe & Associates with interiors by Meyer Davis Design Studio. Units feature private elevator access, sunrise and sunset terraces, and floor-to-ceiling glass for unobstructed ocean views. The project is being developed by PRH Fairwinds, a partnership between Related Group, Fairwinds Group and Fortune International. The building's amenities include 2 beachfront swimming pools, full-service spa, 2 restaurants, golf simulator and a state-of-the-art fitness center. Delivery is expected in the summer of 2018.
Construction Update: Related Group's One Paraiso Tops Off in Edgewater
Related Group continues to reach milestones as One Paraiso is now topped off in Edgewater. One Paraiso is the third, most premier tower in the Paraiso District and features spectacular views of Biscayne Bay and Miami Beach. One Paraiso rises 53 floors and features 276 luxury condominium units and penthouses. The tower was designed by Arquitectonica with interior design by world renowned, Italian based designer Piero Lissoni. One Paraiso is the most private of the 4 towers and has only six residences per floor. The tower also features 2 full floors of amenities on the 9th and 8th floors including a restaurant by award winning chef Michael Schwartz, 2 outdoor pools, Beach Club, cigar room, business center, library, wine tasting salon, theater, spa, state-of-the-art fitness center, plus a marina with private slips.
The 4-towers that make up the 11-acre Paraiso District include One Paraiso, Paraiso Bay, Gran Paraiso and Paraiso Bayviews. The buildings were designed by Arquitectonica with interiors by Piero Lissoni and landscaping by Enzo Enea. All of the buildings and the overall Paraiso community include some of the most luxurious amenities include tennis courts, screening rooms, residents' lounges, fitness center(s), bowling alley, spa, yoga room and multiple pools including a 100 ft diameter lagoon pool with "beach" entry. The property will be decorated with works of art and sculptures by Pablo Atchugarry. Paraiso will also feature the Paraiso Beach Club, which will be the home of Michael Schwartz’s new restaurant as well as plans to dedicate a half-acre of land onsite along Biscayne Bay’s for a public park.
Carlos Rosso, President of Related Group's Condo Division
Carlos Rosso and Sonia Figueroa of Related Group
Carlos Rosso of The Related Group
