Residential Real Estate News
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Residential Real Estate News
Renowned designer David DeVos, Director of Real Estate for Gucci and Bruce Starr, founding partner and CEO of BMF, have listed their lavish residence in The Ritz-Carlton Residences, Miami Beach for $5.495 million. Unit 218 is a true masterpiece of modern luxury, designed to combine the world-class services of Ritz-Carlton with a refined aesthetic inspired by one of fashion's most iconic brands.
The Armani Group has teamed up with several leading South Florida developers to create a landmark residential development in the heart of Pompano Beach. Armani/Casa Residences Pompano Beach will offer a limited collection of 28 residences, each a breathtaking masterpiece. This exclusive two-tower enclave seamlessly blends luxurious living with the serenity of its pristine oceanfront location.
Allen Morris Co., one of the leading real estate firms in the Southeast U.S., has revealed a transformative new mixed-use development in the heart of Coconut Grove. The iconic Oppenheim Architecture-designed plans invite the community in and complement the natural environment of the Grove and enhance walkability.
Miami Beach-In 2020, David Martin and Russell Galbut sat down to conceptualize a challenging yet coveted project—a parcel of land at Miami Beach’s entrance, primed for development. Driven by Terra’s commitment to resiliency and conscious design, the two developers envisioned Miami Beach’s tallest tower, featuring luxury residences, top-tier amenities and a public park.
Leading real estate companies Related Group and Integra Investments have broken ground on The St. Regis Residences, Miami (The Residences), the highly anticipated residential tower rising on the Biscayne Bay waterfront in Miami’s South Brickell neighborhood.
Related Group (Related), Rockpoint, and Two Roads Development have closed on $424 million in financing for the construction of Rivage Residences Bal Harbour (Rivage). The loan was provided by TYKO Capital, a multi-billion-dollar commercial real estate investment management platform led by Adi Chugh.
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.
Merrimac Ventures, a renowned South Florida real estate investment and development firm, has announced the launch of sales for Bungalow East, an exclusive luxury condominium set to rise in Fort Lauderdale Beach. The 14-story boutique development will house just 34 residences, each designed with refined elegance and offering extensive amenities in one of the area’s most walkable and desirable beachside communities.
Clearline Real Estate has secured $94.5 million in construction loans to advance the development of Excel Miami, a 24-story multifamily tower situated at 1550 NE Miami Place in the Arts & Entertainment District.
Related Ross has commenced vertical construction at South Flagler House, marking a key milestone for the firm’s first luxury condominium in the state of Florida. Located at 1355 South Flagler Drive in West Palm Beach, South Flagler House features 108 two- to five-bedroom homes, including penthouses and guest suites, across two 28-story towers.
Altman, a prominent developer in multifamily and industrial real estate, has opened its latest project Altis Grand Kendall, 342 upscale apartment homes to Miami's Kendall neighborhood. This addition brings a sophisticated living environment tailored to modern renters, combining sleek interiors with a robust range of high-end amenities.
As Miami’s real estate landscape continues to evolve, a need for ownership flexibility is driving a new wave of luxury residence developments. Miami has become a premier destination for travelers and part-time residents due to its favorable climate, vibrant cultural scene, continued economic growth opportunities, and international accessibility.
43 Star Island, previously owned by Rosie O'Donnell, has just been listed for $54 million by Compass agent Liz Hogan. Set on over an acre of land overlooking 203 ft of prime waterfront, the 11,104 sq ft. private tropical oasis is currently the only home for sale on the island.
On November 6, PROFILEmiami, South Florida's leading real estate media powerhouse, will host an exclusive deep dive into the lavish world of ‘Spec Homes & Ultra-Luxury Real Estate’ at the vibrant and sophisticated Lafayette Steakhouse in Brickell.
Sawyer’s Walk, the largest mixed-use development in the historic community of Overtown, recently opened its retail section, marked by the launch of a 50,000-square-foot Target store. Over the next several months, additional major retailers are set to open, including Burlington, Five Below, Aldi supermarket, and Ross Dress for Less.
In the heart of Surfside, one of Miami's most coveted coastal communities, Surf Row Residences is introducing a new standard of upscale living. Developed by LD&D, a Miami-based real estate investment, development, and design firm, in collaboration with ONE Capital and IGEQ, this exclusive collection of 25 custom condominiums blends luxury and tranquility just a block from the beach.
South Florida-based developers Related Group (Related), Tate Capital and Rok Acquisitions, in collaboration with hospitality leader Marriott International, have revealed plans for The St. Regis Resort and Residences, Bahia Mar Fort Lauderdale.
WellDuo, Vertical Developments and GCF Development have joined forces with iconic Italian yacht maker, Riva, to unveil Riva Residenze Fort Lauderdale, the first-ever yacht-branded residence. The 20-story development, located at located at 3019 Harbor Drive Fort Lauderdale, features 36 private residences, encompassing two parcels boasting 200 linear feet of waterfront and a private marina with boat slips.
The Four Seasons Private Residences Coconut Grove is set to offer residents an unparalleled wellness experience revealing its over-the-top, state-of-the-art in-house spa. Spanning 10,000 square feet, the spa will feature a variety of amenities, including an ice fountain, cold plunge, hydromassage pool, and a full sauna circuit.
Miami-based developer Mast Capital has completed the largest mat foundation concrete pour in Brickell this year for Cipriani Residences Miami, the brand’s first-ever ground-up residential offering in North America. Flowing continuously for approximately 16 hours, the uninterrupted pour reached 11,500 cubic yards of foundational concrete with 2,500 tons of reinforcing steel.
Michael Liebowitz has been appointed as the new Chairman and Chief Executive Officer of Douglas Elliman Inc., following the retirement of Howard M. Lorber. The announcement was made by the real estate brokerage firm, which praised Lorber for his strategic vision and years of dedication in making Douglas Elliman the premier real estate firm in the country.
National developer PMG has revealed the newly designed Sage Intracoastal Residences Fort Lauderdale, a boutique condominium property nestled along 200 linear feet of Fort Lauderdale’s Intracoastal waterway.
Faena, the globally acclaimed lifestyle brand, is expanding its unique vision from Miami Beach to the heart of Miami through a multi-phase cultural district, set within the only 14-acre private park along the Miami River.
Leading real estate developer, Related Group, together with Manhattan-based developer Tricap, held a “topping off” ceremony for NoMad Residences Wynwood, the first residential concept by global hospitality icon NoMad Hotels and its parent company, Sydell Group.
Miami Beach’s Biscayne Point neighborhood has just witnessed a record-breaking sale, with a compound at 1470 Daytonia Road fetching a staggering $22.954 million. This sale has set a new benchmark for the area, doubling the previous record for the island.
Co-developers Terra, led by David Martin, and Lion Development Group, led by Michael Simkins, have launched of sales for Jean-Georges Miami Tropic Residences. Located at 3501 NE 1st Avenue, at the nexus of Miami Design District and Midtown Miami, the building signifies Jean-Georges’ first foray into residential real estate.
National real estate developer Naftali Group has revealed JEM Sky Villas with Interiors by FENDI Casa, two luxury penthouses designed with signature FENDI Casa collections. Perched atop the luxurious JEM Private Residences in the heart of downtown Miami, these residences will seamlessly blend high fashion interior design with the art of living.
A pair of adjacent estates on Miami Beach’s North Bay Road, internationally known as “Millionaire’s Row,” have traded for $30 million. The North Bay Road properties, purchased by billionaire Richard Saghian, are directly across the street from one another.
Cassia, the latest luxury condominium development from Alta Developers in Coral Gables, has just transitioned to contract, marking a significant milestone for the highly anticipated project. With prospective buyers formalizing their commitments to this innovative lifestyle, excitement is building as Cassia prepares to open its state-of-the-art sales gallery.
Following several months of foundation work, one of Miami’s most anticipated short-term-rental-friendly condominium towers is going vertical. North Development’s Domus Brickell Park, a 12-story, 171-unit offering, set to redefine the traditional condo-hotel sector, is already 60% sold.