Development Pipeline

Elysee Miami closes on $138M construction loan

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: 

[Video] Elysee Miami Condominium Completes Massive Concrete Foundation Pour

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

Under the Scope: Inside the Launch of Aria on the Bay

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.

Melo Group Completes Arquitectonica-Designed Aria on the Bay Luxury Condominium in Downtown Miami

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. odewindt@cervera.com Aria on the Bay Allie Schwartz Grant Schwartz Media Strategies C. 305.308.6351 E. allie@schwartz-media.com Paola Colberg Schwarts Media Strategies C. 787.424.4484 E. paola@schwartz-media.com ###

University Bridge Residences Unveils Sales Gallery

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. 

Elysee Condominium Breaks Ground in Miami's East Edgewater Neighborhood

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 Ocean Resort Residences at Conrad Fort Lauderdale Beach now open

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.

Aston Martin Residences Breaks Ground in Miami

Aston Martin and global property developer G&G Business Developments have broken ground on Aston Martin Residences at 300 Biscayne Boulevard Way in Miami, confirming that construction of the 66-story luxury tower is set for completion in 2021. The milestone marks the development of Aston Martin’s first real estate project, and the iconic brand’s expansion into luxury residential design. Aston Martin Residences at 300 Biscayne Boulevard Way has become the first condominium tower to break ground in Downtown Miami this year, underscoring the development team’s strength and market confidence. The striking building of curvilinear glass and steel is set to rise on one of the last parcels of developable land on the Downtown Miami waterfront and has been designed by Revuelta Architecture and Bodas Miani Anger, renowned for creating visually impressive and exceptionally well-engineered landmark properties. General contractor Coastal Construction Group will now begin work on the tower. The 391 condominiums will combine breathtaking design aesthetic with an ideal location, featuring spectacular panoramic vistas of Biscayne Bay and the Atlantic Ocean. The development’s seven penthouses and one triplex penthouse – all of which will enjoy private pools and spacious terraces – will be complemented by a range of expansive one- to five-bedroom apartments. Aston Martin’s design team, led by EVP and Chief Creative Officer, Marek Reichman, will design the interior and amenity spaces throughout the development. Key Aston Martin design elements, such as the signature carbon fibre reception desks, will adorn each of the tower’s two private lobbies. Highlight features will include doors with bespoke artisan Aston Martin handles, number plinths and kestrel tan leather door tabs.Residents will be able to relax and unwind just steps from their front doors, with 42,275 square feet of outstanding Sky Amenities spanning four full levels between the building’s 52nd and 55th floors. Amenities will include a double-level fitness centre overlooking the ocean, spinning studio, boxing gym, virtual golf room, art gallery, two cinemas, as well as a full-service spa, beauty salon and barber shop. These exquisite spaces will be encased in a bold sail-shaped building reflecting the marina setting and offering superb views of the local surroundings. Residents will also be able to enjoy direct access to the turquoise waters of Miami via an exclusive yacht marina. Representing Aston Martin at the groundbreaking ceremony, Simon Sproule, Aston Martin Vice President and Chief Marketing Officer, said: “Aston Martin is on a growth trajectory globally and across the United States. Our partnership with G&G Business Developments to create Aston Martin Residences Miami, forms an important part of that growth story and of our desire to bring our brand to new audiences across the world.” German Coto, CEO of G&G Business Developments said: “In October 2016 we announced the partnership with Aston Martin and our plan to break ground in October 2017. Exactly one year later we are here to celebrate the start of construction which is confirmation of our commitment to follow our own strict timeline. This development has been extremely well received, in part due to the unique offer but also due to the outstanding job our official broker Cervera is doing. I am confident we will deliver on our promise to create the ultimate residential tower and I’m looking forward to admiring the view from the top of this special building when it is complete.” Coto concluded: “The success of this collaboration is a testament to the team work, mutual trust and dedication of everyone involved, both at G&G and Aston Martin.” The residences and penthouses, which range from 700 to 19,000 square feet, are priced from $600,000 to upwards of $50 million. The sales centre for the Aston Martin Residences at 300 Biscayne Boulevard Way in Miami, Florida is open daily from Monday to Friday from 10am to 6pm and Saturday and Sunday from 11am to 5pm. To speak to a member of the sales team, or book an appointment, please call (305) 456-7376 or email miamisales@astonmartinresidences.com. 

Two Roads Development secures $16.5M construction loan for Elysee Miami

South Florida-based Two Roads Development has secured $16.5 million in financing from Mosaic Real Estate Credit, LLC (MREC) for the first phase of construction of Elysee, the firm’s newest luxury condominium project in downtown Miami’s East Edgewater neighborhood.  The loan is part of a larger financing facility for the waterfront property, located at 788 NE 23rd Street along Biscayne Bay, and will provide for the immediate advance and installation of pilings and subterranean excavation work, followed by the pouring of the building’s concrete foundation.  Vertical construction of the 57-story tower will follow in the first quarter of 2018, with completion estimated for 2019.  Elysee is being developed in partnership with entities managed by DW Partners, a New York-based investment firm with more than $3 billion in assets, and marks the second East Edgewater tower for developer Two Roads Development. In June 2017, the firm celebrated the grand opening of its nearly sold-out Biscayne Beach condominium, a new 52-story luxury tower located at 2900 NE 7th Avenue, which was capitalized by a joint venture with New York-based GTIS Partners. “Now more than ever, today’s lenders are putting added emphasis on properties benefitting from well-capitalized sponsors with credible track records. Two Roads has proven its ability to deliver landmark towers following the success of the firm’s Biscayne Beach project, which was completed earlier this year on time and on budget,” said Kevin O’Grady, principal with capital brokerage firm Walker Dunlop.    Mosaic Real Estate Credit, LLC (MREC) is a California-based lender which provides first mortgage, mezzanine, and preferred equity financing for developers looking to add significant value, often through ground-up construction, to their properties across the United States. Mosaic was founded in 2015 by Ethan Penner and Vicky Schiff and since inception has originated approximately $500 million of real estate financing for properties in California, Nevada, Hawaii, Washington, New York, South Carolina, and Florida. “Our ability to secure favorable construction financing for Elysee stems from the strength of the project’s development team, the uniqueness of its waterfront location, and the caliber of our design team led by two of the world’s most talented minds in architecture and interior design, Bernardo Fort-Brescia and Jean-Louis Deniot,” said James Harpel, senior partner and chairman at Two Roads Development.  Two Roads Development has assembled a world-class design team for Elysee. Designed by 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 interior architect and designer Jean-Louis Deniot, who has signed on to imagine the building’s common area amenity spaces. Elysee will include 100 half-floor residences measuring between 2,300 and 4,000 square feet in size. Unit prices at the luxury tower range from about $1.5 million to upwards of $10 million.  Luxury residences at Elysee will include floor-to-ceiling glass windows and sliding doors, private elevators and foyers, 10- to 12-foot ceiling heights, designer finishes and fixtures, premium appliances, top-of-the-line Italian cabinetry, as well as two expansive east/west-facing terraces with 180-degree sunrise and sunset views. The development’s seventh-floor amenity level will include a resort-sized lap pool with a poolside refreshment bar, outdoor summer kitchen and barbecue terrace; waterfront fitness center and yoga studio; spa facilities with private sauna, steam and massage rooms; children’s lounge; and a blow-dry bar. The 30th-floor Owners Sky Lounge will feature sky-high amenities designed for entertaining, home to a Grand Salon lounge area and full bar; a Grand Dining Room with seating for up to 30 guests; a professional-grade chef’s kitchen and chef’s table; and a library/private theater, game room, and wine room. Elysee’s position in downtown Miami’s up-and-coming East Edgewater neighborhood, where more than a dozen new residential projects are in development, boasts one of the most convenient and geographically-desirable locations in the South Florida region. The four-block-wide piece of land is situated just north of downtown’s central business district and stretches one-and-a-half miles along the city’s bayfront between the Venetian and Julia Tuttle Causeways – two main arteries connecting Miami Beach to the Greater Downtown Miami area. The surrounding neighborhoods of the Miami Design District, Wynwood Arts District, Midtown, and Miami Beach are all within close proximity, providing easy access to Miami’s top destinations for luxury shopping, high-end dining, and world-class arts, culture and entertainment. 

University Bridge, Miami's first student housing condominium, hits the market

University Developments today introduced plans for the development of University Bridge Residences, a premier condominium purpose-built for student tenants located across the street from the main campus of Florida International University (FIU).  With a direct connection to campus via the new 8th Street pedestrian bridge, University Bridge Residences 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. University Bridge Residences comprises of 20 floors, 492 units, and a dedicated connection to the pedestrian bridge from the building providing a secure, direct route to the campus. Scheduled for completion in time for the 2020-2021 academic year, the residences will be fully finished inclusive of specialized student furnishings. Each unit will have its own washer and dryer as well as a dedicated bathroom for each bedroom. Offering a wide array of floorplans ranging in size from 317 square feet to 1,634 square feet, the residences include studios, one, two, three and four bedroom units, as well as three and four bedroom townhouses. Prices range from the $190,000’s to the high $600,000’s. The project is being developed by University Developments, a partnership between Miami-based Global City Development, Toronto-based Reichmann International and Toronto-based Podium Developments. Acclaimed architecture and interior design firm Arquitectonica designed the project while Landmark Properties, one of the top US firms specialized in off-campus student housing, will manage the property once completed. Global City has developed over $2 billion in real estate within the USA and abroad, while Reichmann International is renowned for large international projects such as New York’s World Financial Centre and Canary Wharf in London. Podium Developments has over a decade of expertise in the student housing arena. “FIU has enjoyed tremendous growth in both students and reputation as one of the region’s top universities,” said Brian Pearl, principal of Global City Development. “As with many schools located within dense urban or suburban environments, there is a great need for housing. With its rapid growth, FIU has even more need than most, and we feel privileged to be part of the long-term solution.” “This is a truly unique opportunity for condominium buyers looking to diversify their real estate portfolio,” adds Alicia Cervera Lamadrid, Managing Partner and Principal of Cervera Real Estate, the exclusive sales and marketing brokerage for University Bridge Residences. “The project is ideally priced and the demand is compelling.” As part of the City of Sweetwater’s newly-designated University City, ownership of the units is open to all qualified buyers; however residents must be university affiliated. University Bridge Residences will offer a stunning amenity deck with a landscaped recreational area boasting a resort-style pool with beach entry and pool volleyball with lap area, cabanas, sun deck with daybeds, BBQ and dining areas, a state-of-the-art fitness room, and a 5,500-square-foot indoor lounge and game room. The building’s rooftop will also feature a sunset terrace complete with dining areas, large yoga lawn and performance stage. To aid in residents’ academic pursuits, students will enjoy complete access to all university online tools directly from their condominium, just as if they were on campus. Other student-focused amenities include shared study areas on each residential floor, a business center complete with four fully equipped conference rooms, and an outdoor video screen that can show movies or sporting events. An on-hours concierge will be available in the main lobby for the convenience of residents while security staff will be on hand 24-hours. University Bridge will also offer approximately 7,000 square feet of ground floor commercial space available for future retail or restaurants curated to support the student residents’ needs and lifestyle. Located at 740 SW 109th Avenue, University City, Sweetwater, an on-site sales center is currently under construction and will open in September. For more information, please visit www.UniversityBridge.com or contact sales director, Ruben Alvarez of Cervera Real Estate at 305.962.6496 or via email at ralvarez@cervera.com.  Brought to you by

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