Dwindling new developer condo inventory paired with increasing demand has resulted in a shocking shortage of new condo inventory in Miami. Craig Studnicky, CEO of ISG World and Alicia Cervera Lamadrid, Managing Partner of Cervera Real Estate, break down this and the other the main takeaways from the recently released 2019 Miami Report: “Supply Shock.” About Craig: As the principal and owner of the company, Craig brings a wealth of expertise in sales training and management to International Sales Group. His primary responsibilities entail recruiting and training sales associates, developing marketing strategies with clients and their teams, as well as product development. A real estate broker for more than 25 years, Studnicky began his career in New York City as a sales associate in residential real estate for JPS Associates. In 1984, the New Jersey native founded Steven Craig Realty in Atlantic City shortly after a referendum was passed to accommodate the interest in real estate in the flourishing area. His firm became Atlantic City’s leader in real estate, cornering two thirds of the market. In 1992, Studnicky relocated to Florida to work as Director of Sales for Country Club Estates in Aventura from 1992 to 1994. He co-founded International Sales Group and under his leadership, ISG maintains the area’s top-producing sales force. Due to his keen ability to communicate with training and sales staff, coupled with his excellent customer relationships with developers, the company has posted record real estate sales. An avid golfer, Studnicky can be found playing, and working, on the links with clients. Studnicky is a licensed real estate broker New Jersey and Florida and holds a degree from Virginia Tech. His greatest accomplishments are his two children, Steven and Alexandra. About Alicia: Alicia’s passion, sharp business acumen and personable, people-first attitude keep her among the major players in the industry. She has played a role in every Miami real estate cycle since her career began in 1980. Alicia has sold luxury high-rise condominiums across the region, helping revitalize areas including Brickell, Miami Beach’s South of Fifth neighborhood, downtown Miami and Edgewater. Working alongside Alicia Cervera Sr., her mother and founder of the Cervera Real Estate firm, she learned the business from the ground up. After years of successfully representing Miami’s top developers, the Related Group invited Alicia and Cervera Real Estate to join forces in 2000. The result was Related Cervera Realty Services (RCRS). In just ten years, under Alicia’s leadership, the full service real estate brokerage sold over 14,600 units, representing over $6.8 billion. When the marketplace began to shift in 2008, Alicia led sales teams to close over $720 million worth of units RCRS had represented in developer sales. In 2011, Alicia assumed the charge of Managing Partner for Cervera Real Estate, wherein she led the expansion of the company’s General Real Estate Division. This, together with her ability to exclusively represent a vast number of developer projects, has substantially contributed to the growth of the firm. Alicia continues to lead by example, servicing developer client needs while also assisting associates with individual and bulk transactions. Today, Alicia oversees over $4.5 billion of real estate sales in both pre-construction and general real estate. Various local and national organizations have bestowed upon Alicia awards in recognition of her accomplishments. She is honorary chairman of the Master Broker’s Forum and a board member for numerous organizations, amongst them, Miami’s United Way, Miami Association of Realtors, the Miami DDA and University of Miami’s MRED+U.
Up in the downtown sky, look: Are those new high-rises meant to be hotels or condo buildings? More and more, you’ll see towers that combine both things. These dual-purpose mega towers are on the rise across South Florida, serving the region’s tourism industry and the demand for new housing, experts say. Among them are a 92-story tower in Miami that will showcase 902 apartments and 200 hotel rooms. In Fort Lauderdale, a 46-story building will offer 113 condos on the upper 30 floors of the building, in addition to hotel rooms. A rash of condo-hotel developments had emerged during the building boom of the 2000s, but many failed amid the housing crisis as prices plunged, said Deerfield Beach-based real estate analyst Jack McCabe. While projects mostly stopped in 2009, they started again just a few years ago, he said. Here’s a look at some of these high-rises underway. The benefits to the residents include getting hotel-quality amenities and services that includes concierge and valet, as well as round-the-clock food delivery. Others offer massage at 2 a.m. and rides to the airport, he said. “There are some definite pluses to doing it this way,” McCabe said. Fort Lauderdale The Kolter Group is constructing a luxury mixed-use tower of hotel rooms and condos in downtown Fort Lauderdale at 100 E. Las Olas Blvd. The 46-story tower will be home to a Hyatt Centric, the first hotel to be built on Las Olas Boulevard in 82 years. The project is expected to be complete in 2020 and will include 113 condos on the upper 30 floors of the building, and 238 hotel rooms. For the people who will choose to live there, it could mean retreating to a quiet home, or socializing with new people, said Peggy Olin Fucci, CEO of OneWorld Properties, which is responsible for the sales and marketing of the project known as 100 Las Olas. “We say downtown is downstairs — the extension of your home is downstairs,” she said. “That type of lifestyle, where there is variety, is what differentiates owning a piece of downtown.” Peter Zalewski, principal of the Condo Vultures real estate firm in Miami, said condos tend to be built on top of the hotel rooms, because the renters are short-term and the condo owners will pay more for the view. There are other reasons for separating the sides. Typically, there’s a stigma to sharing space with “somebody on vacation, walking around in flip-flops and partying till 4 in the morning,” he said. “Typically developers don’t like to mix them.” So why buy? There’s the prestige of being affiliated with a classy hotel — an idea Zalewski says was spurred by President Donald Trump’s Trump International Hotel & Tower New York. “It comes down to vanity,” he said. “It’s marketing, and it’s psychological.” Also in Fort Lauderdale, construction began earlier this year for the Four Seasons Hotel and Private Residences Fort Lauderdale. The 22-story development will include 90 private residences and 130 guest rooms. Residences will range from 780 to more than 6,000 square feet. There will be four penthouses and three “sky homes” with 20-foot ceilings. Hollywood In June, the 12-story CIRC Hotel was the first hotel to open in downtown Hollywood in decades. The 27-story CIRC Residences, which make up 386 rental apartments, are connected to the hotel. Hotel guests can’t access the apartments, but apartment residents can access the hotel amenities, including a round-the-clock concierge, valet parking, rooftop bar and restaurant. Tyrone Foster, 28, moved into the CIRC Residences in November because of how convenient it is to live downtown. “I like it,” he said. “Boom, there’s a Publix right here, there’s a park over there for my daughter, there’s nightlife right there. If I want to go get a drink, I can walk home. I love that the most — my car stays in the garage.” He said it was “genius” to have a hotel combined with homes because of the perks usually associated with tourists, including valet. “There’s a restaurant in the building. That’s amazing. I don’t have to leave the building, I really don’t. As soon as I saw it, I said I like the feel of it. The staff greets you, they know your name.” Delray Beach The downtown condos known as 236 Fifth Avenue are under construction by New York-based Samar Hospitality. The project includes a 122-room Aloft Hotel Delray Beach, 35 condos and 6,000 square feet of retail. The building is technically four stories, but will rise the height of a traditional five-story building, or 54 feet. The hotel and condo sections will have separate entrances, but will share some amenities such as the pool and the gym, said developer Alan Mindel. Residents can get the “benefit of the hotel but still have the privacy of a typical condo,” he said. It is expected to open the first quarter of 2019. Miami One Bayfront Plaza was built about 60 years ago as a 19-story office and retail building. Its owner of 40 years, Florida East Coast Realty, said it will wait for leases to expire in late 2020. By 2021, Tibor Hollo, the founder of FECR, plans to break ground on the 92-story high-rise of the project that will keep the same name. The project will include 902 apartments, 200 hotel rooms, as well as office and retail space, at 100 S. Biscayne Blvd., although the hotel brand has not been finalized. “The location is so powerful,” Hollo said. “It’s really good for any kind of development but we thought the combination gives a good balance to the building.” Also in Miami, developer Habitat Group recently started demolition of two apartment buildings near the downtown to make way for three interconnected towers of homes and hotel rooms. Known as the Smart Brickell project, it is designed to have 150 hotel rooms and 170 condos, said Santiago Vanegas, founder, CEO and president of Habitat Group. More amenities are usually offered at a hotel than in a standard condo, so combining the two gives residents the best of both worlds, Vanegas said. “You could call the front desk to the hotel for room service from the coffee shop or the bar,” Vanegas said of the condo residents. Vanegas said some buyers might be hesitant to buy in a condo or apartment building with a hotel component because they feel they can lose privacy to tourists who share the amenities. He said that concern is usually abated with private elevators, and security systems to ensure that the condos remain sealed off to hotel guests. “They love it,” he said of the condo residents. “That’s the market. It’s an alternative.” His condos will start in the $300,000s. Boca Raton Some projects divide the hotel and condos into separate buildings, but share the amenities. That includes The Residences at Mandarin Oriental, Boca Raton, which is being constructed with 92 condos in a 12-story building. Residents will enjoy a 24-hour concierge, valet, maintenance, housekeeping and security that comes with the 12-story, 164 hotel rooms and suites next door. Completion is expected in 2020. Other perks Some South Florida projects offer another option known as “condo-hotels,” where condo owners can rent their home when it’s not in use and have it professionally managed. The W Miami, formerly known as Viceroy Miami, offers this arrangement on Brickell Avenue in Miami. And they’re also available at The Ocean Resort Residences Conrad Fort Lauderdale Beach, which opened late last year with 181 condo-hotel units and 109 condos. The amenities for the people who live there? Twice-a-day housekeeping, laundry service, on-site tailors, bike rentals at no extra charge and car service to the airport, said Jesse Ottley, the president of the development sales division for Cervera Real Estate in Miami, who is handling the sales for the building. Ottley called the combination projects a “new era of shared revenue” where residents can get room service even at 10 p.m. This article was authored by Lisa Huriash. It originally appeared in the South Florida Sun-Sentinel. 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With vertical construction now underway, the 57-story waterfront tower is slated for completion in 2020. South Florida-based Two Roads Development has secured $138 million in construction financing from JPMorgan Chase Bank, National Association for the development of Elysee, the firm’s newest Miami luxury condominium project located along Biscayne Bay at 788 NE 23rd Street in Downtown’s East Edgewater neighborhood. The loan will fuel the ongoing vertical construction of the 57-story waterfront tower, which is scheduled to be completed in 2020. The loan comes as the development approaches the 50 percent sold mark, with unit sales representing more than $100 million in total transaction value. Vertical construction of Elysee commenced last month following the completion of the tower’s major foundation pour of more than 5,000 tons of cement for the building’s concrete mat. The 100-unit boutique-style project is being developed by Two Roads Development in partnership with entities managed by New York-investment firm DW Partners. Designed by legendary architect Bernardo Fort-Brescia of Arquitectonica, Elysee’s striking three-tiered telescoping shape will provide direct 180-degree bay and city views from every residence. The tower’s elegant design concepts are the creation of Paris-based designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who has imagined the building’s common area amenity spaces for his first high-rise condominium design project in the U.S. Priced from about $1.5 million to upwards of $10 million, Elysee’s half-floor and full-floor residences range from three- to five-bedroom layouts measuring between 2,300 and 4,000 square feet in size. Exclusive amenities will include access to the building’s 30th floor Owners’ Sky Lounge, home to a Grand Salon lounge and bar area, a Grand Dining Room and professional-grade chef’s kitchen, a library, a private theater, and a wine room. Residences will feature private elevators and foyers, soaring 10- to 12-foot ceilings, and expansive east- and west-facing terraces where residents can enjoy unparalleled sunrise and sunset views. For more information about Elysee, including preconstruction sales opportunities, please contact Cervera Real Estate at 305.767.1414 or visit the project’s sales gallery at 254 NE 30th Street in Miami, FL. Click here to learn more. Brought to you by:
Following months of piling and excavation subterranean work, one of the tallest towers in Downtown Miami’s East Edgewater neighborhood is officially ready to go vertical. On Friday, June 15th, a crew of about 75 construction workers poured the foundation for Elysee Miami, a 57-story luxury condominium under construction, paving the way for vertical development of the waterfront high-rise to now begin. The 100-residence project is being developed by Two Roads Development in partnership with entities managed by New York-based investment firm DW Partners. Delivery of the 648-foot-tall tower is expected in 2020. General contractor John Moriarty & Associates of Florida orchestrated the continuous 20-hour concrete pour at the project’s site along Biscayne Bay at 788 NE 23rd Street. About 20 mixing trucks carrying 260 truckloads rotated in shifts to pour approximately 3,000 cubic yards of concrete weighing more than 5,000 tons into a massive excavated hole for the tower’s concrete mat, which sits on top of nearly 300 pilings reaching depths up to about 150-feet below the ground’s surface. “Once complete, Elysee will be a retreat in the center of one of the most desirable parts of Miami,” said developer Taylor Collins, managing partner at Two Roads Development. “Elysee’s boutique exclusivity, idyllic bayfront location, commanding views and world-class amenities will brand it as a standout property for a long time to come.” Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways – two main arteries connecting the City of Miami and Miami Beach – East Edgewater is fast emerging as the epicenter of the new Miami. The surrounding neighborhoods of Downtown‘s Arts & Entertainment District, Miami Design District, Wynwood Arts District, Midtown Miami, and Miami Beach put residents within blocks of luxury retail shops, high-end restaurants and world-class arts and culture venues. Designed by legendary architect Bernardo Fort-Brescia of Arquitectonica, Elysee’s striking three-tiered telescoping shape will provide direct 180-degree bay and city views from every residence. The tower’s elegant design concepts are the creation of Paris-based designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who has imagined the building’s common area amenity spaces for his first high-rise condominium design project in the U.S. Priced from about $1.5 million to upwards of $10 million, Elysee’s 100 half-floor and full-floor residences range from three- to five-bedroom layouts measuring between 2,300 and 4,000 square feet in size. To learn more about Elysee Miami, click here. Brought to you by
Construction of Aria on the Bay, Melo Group’s new Arquitectonica-designed luxury condominium in Downtown Miami, is now complete with more than 90 percent of its 648 units already sold and under hard contract. The 53-story waterfront tower, located at 1770 N. Bayshore Drive along Biscayne Bay, becomes the latest condominium to deliver in Downtown’s growing Arts & Entertainment District. I sat down with Cervera Real Estate’s Nicolas Barabara, sales director for Aria on the Bay, to discuss the amazing features, amenities, celebrity clientele, and remaining inventory found inside the walls of Miami’s newest condo-high-rise. Click below to watch the video. Remaining units currently available for sale include a range of one- to four-bedroom condos priced from the $400,000s up to $1.8 million – prices unrivaled among the area’s concentration of new-construction luxury condominiums. The on-site sales gallery is located at 1770 N. Bayshore Drive, Miami, FL 33132. For more information on Aria the Bay, contact Nicolas Barbara at 646.460.5718 or click here.
Closings at the 53-story waterfront tower are now underway, with more than 90% of its 648 units sold. MIAMI, FL – May 3, 2018 – Construction of Aria on the Bay, Melo Group’s new Arquitectonica-designed luxury condominium in Downtown Miami, is now complete with more than 90 percent of its 648 units already sold and under hard contract. The 53-story waterfront tower, located at 1770 N. Bayshore Drive along Biscayne Bay, becomes the latest condominium to deliver in Downtown’s growing Arts & Entertainment District. The news prompts the start of closings as residents take ownership of their units, begin interior build-outs, and prepare to move into the building over the coming days. Since arriving in Miami from Argentina in 2001, Melo Group’s father-and-sons team – led by Jose Luis Melo and his two sons Carlos Melo and Martin Melo – has been a driving force behind the city’s real estate resurgence. Aria on the Bay marks the developer’s 14th residential tower delivered over the last decade and a half, with a total of more than 5,000 units completed and in development throughout the Greater Downtown Miami area. “When we broke ground on Aria on the Bay three years ago, we envisioned a tower that not only offered first-rate amenities in an ideal location but one whose design would convey elegance and sophistication. We are confident that Aria will take its place among Miami’s most iconic landmarks,” said Carlos Melo, principal of the Melo Group. Aria on the Bay’s innovative architecture and interior design are the creation of internationally-acclaimed design firm Arquitectonica in concert with landscape design by ArquitectonicaGEO. The project’s opera-inspired name serves as a nod to its Downtown location, surrounded by Miami’s cultural and arts institutions. The glass structure’s smooth architectural design and scalloped façade was influenced by the shapes of the wave crests in Biscayne Bay, combined with a series of curving balconies found in some of the world’s greatest opera houses. “Two blocks north of the Adrienne Arsht Center for the Performing Arts, Aria on the Bay’s semi-circular balconies make reference to those inside the classic opera houses. They playfully stagger creating a series of cylinders in performance. The arrangement could also be interpreted as a musical score, or a series of curves dancing to a tune,” said Architect Bernardo Fort-Brescia, founding principal of Arquitectonica. Aria on the Bay launched sales and construction in 2015 and became an instant favorite among international and domestic buyers in the market for spectacular design, panoramic water views and luxury amenities in a walkable, urban setting. Since then, more than 90 percent of the development’s 648 units have been purchased by buyers from over 42 countries around the world. Currently, local/domestic buyers from within the United States make up approximately 15 percent of the project’s total sales thus far, with U.S. buyers ranking third-highest among foreign buyers from countries across Latin America and Europe. “Beyond its prime waterfront location, magnificent bay views, and high-quality design features, Aria on the Bay benefits from the expertise of one of Miami’s strongest developers,” said Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the project’s exclusive sales and marketing brokerage. “Melo Group’s success is the result of more than sixty years of experience in the real estate industry and the firm’s track record for uncovering and investing in emerging neighborhoods. We are proud to be a part of their achievements in the U.S. and know that their keen and efficient business sense will ensure they continue to develop in Miami for many more years to come.” Aria on the Bay’s sold-out collection of triplex penthouses, which captured prices from $1.8 to over $6 million, span the building’s top three stories and feature interior living areas measuring between 2,600 and 4,800 square feet in size. The expansive residences also offer secluded rooftop terraces with private pools, open-air summer kitchens and 12-foot-deep wrap-around balconies that provide up to 3,000 square feet of additional outdoor living space. Baseball superstar Giancarlo Stanton, the Yankee slugger who was recently named the National League’s Most Valuable Player, bought one of Aria on the Bay’s triplex penthouses in 2017. He’s not the only celebrity to be moving in – Grammy Award-winning record producer and rapper Timbaland also purchased two units at the building late last year. Remaining units currently available for sale include a range of one- to four-bedroom condos priced from the $400,000s up to $1.8 million – prices unrivaled among the area’s concentration of new-construction luxury condominiums. Residences feature floor-to-ceiling glass, private elevator access, open-plan living areas, designer finishes and fixtures, European-style kitchens, modern custom-designed cabinetry, and oversized terraces with panoramic views of Biscayne Bay, Miami Beach and the city skyline. Building amenities include a 14th floor resort amenity deck with two sunrise/sunset-facing swimming pools, a jacuzzi, and barbecue grills and lounge areas. Additional perks include a private spa with massage treatment rooms, a state-of-the-art fitness center, yoga studio, indoor/outdoor bar and entertainment lounge, theater-style screening room, game room and library, teen lounge and kid’s playroom, and a business center with offices and meeting facilities. The project also includes 10,000 square feet of available commercial space on the lower floors, including office, retail and ground-level restaurant space facing the park. The adjacent Margaret Pace Park gives residents access to a host of additional amenities and activities. Situated directly along Biscayne Bay, the 8-acre, pet-friendly waterfront park offers jogging paths, biking trails, tennis courts, basketball courts, soccer fields, an outdoor gym, daily yoga and fitness classes, as well as barbecue areas, picnic and playground areas. Aria on the Bay’s Arts & Entertainment District location puts residents within blocks of some of South Florida’s top destinations for arts and culture, entertainment, dining and shopping. Nearby world-class venues include the Adrienne Arsht Center for the Performing Arts, AmericanAirlines Arena, and Museum Park’s Perez Art Museum Miami (PAMM) and Frost Museum of Science. Hundreds of luxury retail shops, boutiques, restaurants and art galleries can be found in the surrounding Miami Design District, Midtown Miami and Wynwood neighborhoods. Several public transit and alternative transportation options are in walking distance, making hotspots like South Beach and Brickell Avenue accessible within minutes. Residents can also access Miami Beach via the Venetian Causeway, which is located just two blocks from the property. Melo Group is also building market-rate apartment buildings to meet the needs of young professionals looking to live within close proximity to Miami’s largest employment districts such as Brickell, Downtown’s CBD and the Health District. The firm’s next residential project, the 710-unit Square Station Apartments, will open to tenants next month as part of a larger three-phase development plan to bring nearly 2,000 transit-oriented rental units to Downtown Miami. # # # About Aria on the Bay: Aria on the Bay is a newly-completed, 648-unit luxury condominium developed by the Melo Group in Downtown Miami’s Arts & Entertainment District at 1770 North Bayshore Drive along the Biscayne Bay waterfront. The 53-story Arquitectonica-designed tower features gorgeous sky home residences, exceptional amenities, breathtaking architecture, and an enviable bayfront location that boasts direct unobstructed views of Biscayne Bay, Miami Beach and the city skyline. Learn more at www.ariaonthebay.com. About Melo Group: Founded in Argentina in 1948, the Melo Group is a family-owned and operated real estate development firm based in Miami, Florida specializing in the construction, design and delivery of high-quality residential buildings. With nearly 5,000 residential units completed and in development throughout the Greater Downtown Miami area and more than 8,000 units developed across the Americas, the firm’s father-and-sons team – spearheaded by father Jose Luis Melo and sons Carlos and Martin Melo – collectively bring more than 50 years of real estate development expertise. Melo Group’s most recent residential towers in Miami include luxury condo towers Aria on the Bay, Bay House, and 23 Biscayne, as well as premium apartment towers including Square Station, Melody Tower, 25 Mirage, Flagler on the River, and 22 Skyview. Learn more at www.themelogroup.com. Media Contacts: Cervera Real Estate Omar De Windt VP of Corporate Communication – Cervera Real Estate C. 954.600.9412 E. email@example.com Aria on the Bay Allie Schwartz Grant Schwartz Media Strategies C. 305.308.6351 E. firstname.lastname@example.org Paola Colberg Schwarts Media Strategies C. 787.424.4484 E. email@example.com ###
ARCHITECTURE Beatriz “Bizi” Hernandez has been named a partner at MSA Architects. She manages the design team and represents the firms on projects at all public hearings. Hernandez previously was director of design. She has a bachelor’s in architecture from the University of Miami. Antonio Prado has been named director of development at Chisholm Architects. He was president and CEO at Hamilton Planning Consultants, a financial consulting services company he founded. Prado has a bachelor’s in business administration from Boston University BANKS Lester Romero has been named vice president, premier banker at Grove Bank & Trust. He is responsible for new business development in the areas of banking, lending and wealth management. Romero was previously assistant vice president, private banker at Gibraltar Private Bank & Trust. He has a bachelor’s in finance from Florida International University. HEALTHCARE Paul C. Schwarzkopf has been named chief financial officer at Broward Health Medical Center. He was previously at Tenet Healthcare, where he most recently was senior director of regional finance for its coastal division. Schwarzkopf has a bachelor’s in accounting, and an MBA, from UM. LAW Cori Lopez-Castro has been named to a one-year term as managing partner at Kozyak Tropin Throckmorton as part of the firm’s rotation of managing partners. She is a partner in the firm. MEDIA Geraldo Arriaga has been named vice president, digital media sales of Spanish Broadcasting System, LaMusica App. He will be based in Miami. He was digital/local sales manager for SBS. Arriaga has a bachelor’s in communications from Carson-Newman University in Tennessee. PUBLIC RELATIONS | COMMUNICATIONS Sabrina Lacle has been promoted to director of the tourism practice at Newlink, which is headquartered in Miami. She was previously senior account manager. Lacle has a bachelor’s in mass communications, and a master’s in integrated marketing communications, from FIU. Jonathan Stern has been named managing director and market leader of the Miami office of Burson-Marsteller. He was president and CEO of Platinum Marketing Communications, which he founded. Stern has a bachelor’s in history and journalism from the University of Wisconsin-Madison. REAL ESTATE At Cervera Real Estate, based in Miami: ▪ Ana Lopez de Quintana has been promoted to executive vice president of sales and operations. She was vice president of sales and operations at the firm. She joined the company in 2007 and developed the firm’s Cervera Academy, an in-house training program for Cervera agents. Lopez de Quintana will help manage the eight branch offices and sales director’s in the company’s general real estate sales and leasing division. ▪ Yovani Garcia has been named sales director, downtown Miami district. He was previously a sales director for the One Miami downtown branch office of the firm’s general real estate division. Garcia has a degree in business from FIU. This article originally appeared in The Miami Herald.
University Developments celebrated the grand opening of the University Bridge Residences sales gallery on Thursday, Dec. 14th. More than 150 of Miami-Dade’s leading real estate brokers, VIPs and community leaders joined the development team at its unique dome-shaped, contemporary sales center in welcoming Miami’s first student housing condominium, which will be located across the street from the main campus of Florida International University (FIU). As the first celebratory gathering at the sleek sales center, those in attendance received the premiere look at the project’s super-sized scale model, as well as viewed renderings and floor plans through their innovative app, while experiencing the refined finishes offered to University Bridge’s future student residents in the sample model residence. With an expected completion date in time for the 2020-2021 academic year, University Bridge Residences will offer a direct connection to campus via the new 8th Street pedestrian bridge and will serve the school’s rapidly growing student population’s housing demand. Florida International University is the fourth-largest university in the United States by enrollment, with more than 55,000 students, but only eight percent of the student body lives in college owned, operated or affiliate housing. “We are very excited to formally open our doors and welcome those interested in this unique real estate project,” said Brian Pearl, principal of Global City Development. “The term one-of-a-kind is certainly overused in real estate, but not in this case.” Exclusively presented by Cervera Real Estate, University Bridge Residences offers a wide array of floorplans ranging from studios to four bedroom units, as well as three and four bedroom townhouses. Prices range from the $190,000’s to the $600,000’s. “We’ve seen an incredible response since announcing the launch of the development in August and we’re thrilled to welcome the brokerage community to experience the project first-hand in our truly unique sales gallery,” said Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate. To see more pictures from the privte event, check out our photo gallery below.
Construction of the 100-unit luxury tower is slated for completion in 2019. South Florida-based Two Roads Development has broken ground on Elysee Miami, making it the newest luxury condominium tower to rise in East Edgewater, one of the fastest-growing neighborhoods in Miami’s urban core. The 100-unit project, now rising at 788 NE 23rd Street along Biscayne Bay, is being developed in partnership with entities managed by New York-based investment firm DW Partners. Delivery of the 57-story tower is expected in 2019. The announcement comes on the heels of last year’s delivery of Biscayne Beach, Two Roads Development’s first East Edgewater luxury condominium project, which was nearly sold-out at completion. Situated along the bayfront just north of Downtown Miami, nestled between the Venetian and Julia Tuttle Causeways – two main arteries connecting the City of Miami and Miami Beach – East Edgewater is fast emerging as the epicenter of the new Miami. The surrounding neighborhoods of the Miami Design District, Wynwood Arts District, Midtown, and Miami Beach put residents within blocks of luxury retail shops, high-end restaurants and world-class arts and culture venues. Reid Boren, Taylor Collins, Tim Bass, and Jim Harpel “We are thrilled that our second East Edgewater project is underway,” said Reid Boren, managing partner of Two Roads Development. “The market response to Elysee – even before the first shovel was in the ground – speaks to the strong demand for ultra-luxury living that is on the waterfront, but also conveniently close to Miami’s urban core. With Bernardo Fort-Brescia’s iconic design and Jean-Louis Deniot’s chic interiors, Elysee will take its place among Miami’s signature buildings.” Designed by legendary architect Bernardo Fort-Brescia of Arquitectonica, Elysee’s striking three-tiered telescoping shape will provide direct 180-degree bay and city views from every residence. Bernardo Fort-Brescia, principal of Arquitectonica "This building is a monument to functional rationality, that at first sight feels daring and whimsical,” explains Bernardo Fort-Brescia, principal of Arquitectonica. “The 57-story reverse ziggurat form follows the building’s function – with smaller apartments below and larger ones above all with maximized views to the bay and sky — resulting in an unexpected and distinctive addition to the skyline." The tower’s elegant design concepts are the creation of Paris-based designer Jean-Louis Deniot, one of the world’s preeminent talents in interior design, who has signed on to imagine the building’s common area amenity spaces. Elysee marks the designer’s first high-rise condominium design project in the U.S. Priced from about $1.5 million to upwards of $10 million, Elysee’s 100 half-floor residences range from three- to five-bedroom layouts measuring between 2,300 and 4,000 square feet in size. All residences at the boutique-style tower will boast private elevators and foyers, soaring 10- to 12-foot ceilings, impact-resistant glass windows and sliding doors, bespoke Waterworks bathroom fittings and fixtures, and gourmet kitchens with ItalKraft cabinetry, Wolf gas ranges and professional grade Sub-Zero appliances. Every unit will also sport expansive east- and west-facing terraces where residents can enjoy unparalleled sunrise and sunset views. Alicia Cervera Lamadrid, managing partner of Cervera Real Estate “East Edgewater is the best value proposition in South Florida,” said Alicia Cervera Lamadrid, managing partner of Cervera Real Estate, the project’s exclusive sales and marketing brokerage. “With more than a dozen new residential projects in the works there, demand remains sky-high. As the last urban waterfront neighborhood in Miami zoned for residential condominiums, significant appreciation is virtually guaranteed. Elysee’s boutique exclusivity, idyllic bayfront location, commanding views and world-class amenities will brand it as a standout property for a long time to come.” Two Roads Development and Cervera Real Estate co-hosted an intimate gathering for select guests to commemorate the occasion. To view images from the event, see below. For more information on Elysee, click here.
The word around town these days: Ft. Lauderdale is trending. Miami's little sister to the North recently ranked as the 6th Most Investable Real Estate market on PWC's "2017 Emerging Trends in Real Estate" study (jumping ahead 29 spots from 2016). Among the factors, Ft. Lauderdale scored positive sentiments regarding multi-family, industrial and single-family, investory demand, local economy, and capital availability. There's no sign of slowing down, with several new luxury high-rise living options sprouting up in and around the city's downtown core and beachfront. Among those include The Ocean Resort Residences, offering luxury resort hotel living at Conrad Fort Lauderdale Beach, which recently held its grand opening. The ultra-upscale project features 290 fully furnished Oceanfront Residences offering junior, one, two or three-bedroom suites beautifully designed with sprawling balconies and spectacular views of the Atlantic Ocean or the Intracoastal Waterway. The residences and resort condominium units are designed by leading international architect Michael Graves, and feature interior design by the iconic designer Carlo Colombo, and the renowned Urbano, whose designer Gabriela Lino has proven herself as a global trendsetter in interior design concepts over the past 25 years. Much of the furniture, fixtures, and equipment for the public areas were sourced at Kom Furniture and Accessories, a chic and tasteful store operated by Luis Morales in the heart of the Miami Design District. Residence and resort condominium prices start in the $500,000s. The Oceanfront Resort Residences are spacious year-round homes. All residences boast finished flooring, painted walls, and installed lighting. The exquisite vacation homes that owners can place into the resort program allow for additional generated revenue. They feature regular housekeeping other resort services, operated by Hilton’s Conrad Hotels & Resorts. Amenities include residents’ option to revel in the 20,000-square foot Sky Deck, which includes a fresh-water heated pool with views of the Atlantic, a whirlpool, sunbathing areas, and a poolside restaurant and bar. Additional amenities include food and beverage service with dedicated attendants on the pool deck, private beach concierge services and complimentary chaise lounges on Fort Lauderdale Beach, signature restaurant and lounge overlooking the Atlantic, Conrad Concierge, 4,000-square foot fitness center, Conrad Spa, 24-hour valet, and much more. The Ocean Resort Residences is located at 551 North Fort Lauderdale Beach Blvd., Fort Lauderdale, FL 33304. The on-site sales gallery is located on the 24th floor, penthouse. Exclusive sales and marketing handled by Cervera. For more information, click here or call (954) 749-7200.