Palazzo del Sol boosts mortgage to $120M

 

Renderings of Palazzo del Sol

The developer of Fisher Island’s Palazzo del Sol condominium development boosted its construction loan to $120 million, according to Miami-Dade County records.

Tri-Star Capital Ventures, Limited granted the $75 million boost to PDS Development, records show. The original loan was in the amount of $45 million in November. It will also be used for future construction of Palazzo Della Luna, which will launch sales at a later date next year, a spokesperson told The Real Deal.

The 47-unit tower is the first new construction on Fisher Island in more than seven years. Built by ASR Construction, Palazzo Del Sol will have 4.5 acres of grounds, designed by landscape architect Enzo Enea. Amenities will include professional fur storage, a cinema-style theater, hair and makeup salon, fitness center designed by The Wright Fit, a Kidville-designed children’s playroom, private massage rooms, meeting room with integrated media systems and two lobbies with an aperitivo bar overlooking the water.

PDS CEO and developer Heinrich Von Hanau, who was the CEO of the Portofino Group when former German bond trader Thomas Kramer first assembled acres of land at the southern tip of Miami Beach more than two decades ago, is spearheading the development. Von Hanau signed the mortgage.

Palazzo del Sol is expected to complete in January 2016.

Tags: fisher island, Heinrich Von Hanau, Palazzo del Sol

- See more at: http://therealdeal.com/miami/blog/2015/07/29/palazzo-del-sol-boosts-mortgage-to-120m/#sthash.UJeP3kQs.dpuf

Faena Contemporary un balance perfecto del Art Deco a lo moderno del día de hoy, residencias exquisitas en la playa!!!

Prices starting at $3,000,000 and up

Perla Machaen  #1 Top Producer 2014 Cervera Real Estate 1492 South Miami Ave  Miami, FL 33130  Cell Miami: 786.709.5131 Miami Office: 954.302.2865 Mexico: (55) 8525. 6487 Monterrey : (81) 4160.0300 Guadalajara : (33) 4160.0721 Email:pearlmakermx@yahoo.com Facebook Twitter Website

Jade Signature Launches $13M Double-Decker 'Sky Villas'

Jade Signature, the very high-end building designed by Herzog & de Meuron that brought starchitecture to the design wasteland that is Sunny Isles Beach, has released its 'sky villas'; six duplex units that will be located just below the two penthouses. (upper and lower) Beginning at $13 million, the 6,300 to 6,700 interior square foot sky villas will take up four floors total, in two sets of three. Each has five bedrooms, and seven and a half baths, which is a lot.

On to the plans >>

The sky villas will have private elevator vestibules on both levels, which is probably a big convenience although one imagines their party guests getting off on the wrong floor and wandering through the bedroom. Living rooms are double height. Kitchen and bathroom cabinets are all top of the line, with custom bath cabinetry custom designed by Pierre Yves Rochon, the French designer whose firm is doing the interiors of the whole building. All six will have large exterior balcony spaces, with the middle units having the biggest, while of course the end units have more views. The middle units have the biggest master suites too. Units with floor-through views are on Jade Signature's big 'things', so the daytime living areas have minimals cross walls to get in the way of that.

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· Jade Signature [jadesignature]
· Jade Signature coverage [Curbed Miami]

Golden Beach manse fetches $5.45M

 

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The home, at 584 Ocean Boulevard, was put up for sale in December with an asking price of $5.5 million. It went under contract in March, and the sale has closed as of Friday.

Nelson Gonzalez of Esslinger Wooten Maxwell had the listing. Nelson Gonzalez, the home’s listing agent with Esslinger Wooten Maxwell It sits on a half-acre dry lot across the street from the Atlantic Ocean.

The home, which measures 8,298 square feet, was built in 2001 and designed by the late Ricardo Legorreta — a modernist architect who worked in both the United States and his native Mexico.

His design for this Golden Beach mansion included an all-white exterior, which wraps around a large pool deck that’s shrouded in palm trees. Inside, deep-colored tiles and hardwood floors contrast the off-white walls. Modern finishes and furniture can be found throughout.

The sale, at $657 per square foot, is a relatively pricey one for a dry lot in Golden Beach. The surrounding mid-century homes have recent recorded sales prices that dip below $2 million or even $1 million. Newer construction does command higher prices, however.

Golden Beach has a population of less than 1,000. Despite its small size, the neighborhood sees a lot of real estate activity: two pre-construction spec houses sold earlier this month for $10.4 million, an unusually shaped home hit the market in March with an asking price of $8.2 million, and famed Latin singer Ricky Martin sold his waterfront manse there in 2012. Tags: golden beach, nelson gonzalez - See more at: http://therealdeal.com/miami/blog/2015/07/27/golden-beach-manse-fetches-5-45m/#sthash.JeehGsrS.dpuf

Bay Harbor One set to launch sales

Renderings of Bay Harbor One and Michel Leibovich

Developers LDG are set to launch sales for a new condominium in Bay Harbor Islands, while laying the groundwork for a second project — in a city already exploding with new developments, The Real Deal has learned.

The first condo, Bay Harbor One, is being developed by LDG in collaboration with Team 18, the lead developers of Kai, also in Bay Harbor Islands, LDG principal Michel Leibovich told TRD. LDG, composed of four partners, has a nearly 40-year history of developing properties in Argentina and Uruguay, Leibovich said.

The 36-unit Bay Harbor One, at 1100 100th Street, will have eight stories, including a roof-top amenity deck with a pool, lounge area, private cabana suites and a social area, Ivan Ramirez, broker/owner of Crescendo Real Estate told TRD.

Crescendo is handling sales for the property. Ikone International, whose principal is Korin Castro, is handling marketing, she told TRD. The firm designing the condo is Frankel Benayoun Architects, which is handling more than a dozen Bay Harbor Islands projects, President and founder Markus Frankel has told TRD.

Bay Harbor Islands is undergoing massive redevelopment, with at least 24 projects underway in the community of nearly 5,900 residents, located in the barrier island area of Northeast Miami-Dade County. Not far from Bay Harbor One, for example, Verzasca Group is developing Pearl House and Le Jardin.

Leibovich, who has lived in South Florida for 30 years, said he chose Bay Harbor Islands because the booming area is family-oriented. His mother-in-law is a resident, and Leibovich has been living there for the past three months, while his Aventura home undergoes remodeling. “The area is a treasure,” he told TRD. “It’s a diamond in the middle of two great areas: Bal Harbour and Indian Creek.”
Bay Harbor One’s units will range from 1,436 square-feet to 1,576 square feet, and floor plans can be combined, Ramirez said. Pricing will range from the $600,000s to the $900,000s. Presales will begin in the next two weeks, and construction is expected to begin by the end of the year or in early 2016, he said.

Miami-Dade property records show the developers paid $2.5 million for Bay Harbor One’s two adjacent vacant parcels in 2013.

Meanwhile, LDG and Team 18 are also planning Palm Villas, at 9980 East Bay Harbor Drive in Bay Harbor, which will have 14 townhouses. Each unit will have an elevator, two-car garage and a fourth floor rooftop pool, Leibovich told TRD.  Units will range from about 2,300 square feet to 3,000 square feet. Prices may start in the $900,000s.

In addition, LDG owns five acres of land at 193rd Streeet and Northeast 26th Avenue in Ojus, west of Aventura Mall, where it plans a mixed-used project with 186 apartments and 5,400 square feet of retail space, Leibovich said.

Tags: bay harbor islands, Crescendo, Frankel Benayoun, Ikone International, LDG

- See more at: http://therealdeal.com/miami/blog/2015/07/27/bay-harbor-one-set-to-launch-sales/#sthash.e31VsWn2.dpuf

Inside look: 740 Meridian condos in Miami Beach

http://therealdeal.com/miami/blog/2015/07/24/inside-look-740-meridian-townhomes-in-miami-beach/

PHOTOS: On the scene at TiramesU’s restaurant preview

http://therealdeal.com/miami/blog/2015/07/24/photos-on-the-scene-at-graspa-groups-restaurant-launch/