Author: Miami Luxury Homes
The Related Group and Viceroy Hotel and Residences are doing it again. After an incredibly successful partnership with the third tower of Icon Brickell, they are joining forces once again on The Viceroy Brickell at 77 SE 5th Street. The new project, which is in the same complex with Baccarat Residences Brickell, is located in the heart of the Brickell Financial District along the Miami River and Brickell Avenue. Viceroy Brickell is currently under construction, having received their construction financing in the beginning of 2023. As of today, the construction has progressed to the 14th floor of what will be…
After a whirlwind of a year in Miami’s exciting real estate world, we are very honored to have been recognized at Douglas Elliman for our performance in 2023. Each spring, the company tallies up the sales figures using several different metrics in order to see which agents and teams are performing at their peak. For the second year in a row, The Light Group has taken home an Ellie for the Pinnacle Award, meaning that we have transacted in the top 3% of all Douglas Elliman agents nationwide. This metric includes offices in markets such as New York, California, Texas,…
The Residences at 1428 Brickell has hit two major milestones on the lead-up to groundbreaking. This week it was announced that developer YTech has secured $104 million in construction financing for the project just as the sales team has announced that over 40% of the 189 planned residences have sold. Ytech has had an incredibly busy year with the project. Sales were launched in January of 2023, marking just over 1 year to sell almost half of the project. This is an astounding rate of absorption for preconstruction residences that begin at $2.4 million up to $7 million. The construction…
Related Group + Two Roads Development have been working diligently, preparing for the upcoming groundbreaking of their new ultra-luxury beachfront development, Rivage Bal Harbour. Most recently, they have unveiled an elegant sales gallery in the Bal Harbour Shops where buyers can experience the quality and design that is soon to be constructed just across the street. Buyers can obtain appointments for a private presentation in the sales gallery by contacting me directly, and we can take an immersive tour of the development from the oceanfront location to an actual build-out of the residence kitchens and primary bathrooms. When completed, Rivage…
I am pleased to share with you my annual Coconut Grove statistics report highlighting that, yet again, Coconut Grove has outpaced a cooling national real estate market by setting new, all-time records across multiple categories! Herein, I have compiled and analyzed the 2023 statistics, per MLS data, by hand-calculating the stats to ensure they are accurate for our readers. This information allows you to see for yourself the market trends in our community. I would also like to note the reason I have been so passionate and adamant about publishing the Coconut Grove sales analytics annually for the past 10…
The Douglas Elliman | Knight Frank Wealth Report is here again for the 18th year, and there is some very special news about the Miami luxury and ultra-luxury market. In the 2024 report, we see that Miami has hit an unmistakable inflection point. Change is upon us and there is no going back. So where are we headed? Out With The Old – Miami Has Changed It used to be that mentions of Miami Beach conjured up thoughts of Cocaine Cowboys and wild Spring Breakers. This is no longer the case. The Cocaine Cowboys days are now just a Netflix…
Today is 305 Day. Miami’s official hype day. For those who are new to The 305, this is the unofficial Miami Day named after our signature area code. Miami actually became The 305 back in 1947 along with the rest of Florida, but over the years it became a Miami thing as population grew. Those were the days. As Miamians we love finding reasons to celebrate, even if we are celebrating an area code. As proof, there are endless ways to celebrate 305 Day. Budget-friendly travelers can purchase flights from Miami International for $30.50. Axios Miami embraces things we love…
Miami-renowned chef Michelle Bernstein and modern day renaissance man/restauranteur Jeffrey Chodorow are teaming up to bring private dining to the restaurant space in Five Park Miami Beach. The project has hinted at a signature restaurant since the official launch in the summer of 2021, and now we have details. The Culinary Concept The new eatery will be located on the 6th floor amenity terrace, which is convenient to both the main pool and the family pool. With an open air indoor/outdoor design, guests will enjoy vibrant Mediterranean fusion dishes in the restaurant or poolside overlooking the Biscayne Bay and Downtown…
In a booming real estate market like the one Miami is currently experiencing, it can be easy to get lost in the sea of new projects. In order to bring clarification for our readers and clients, we are going to discuss the features that stand out in our favorite opportunities for each neighborhood. To begin, we will discuss The Residences at Mandarin Oriental, Miami, which is coming to Brickell Key. Having recently launched sales, this is one of the newest projects in the Miami area. It was initially announced in the summer of 2023, with sales launching in November. The…
Construction has officially begun on the luxe Bentley Residences in Sunny Isles Beach, a partnership between Bentley Motors and Dezer Development. This week, the developer hosted a lavish event to celebrate the milestone on the project site at 18401 Collins Avenue in Sunny Isles. Built with the needs of Bentley car owners in mind, the 749-foot beachfront skyscraper will be home to the ‘Dezervator,’ a patented car lift that allows owners to display their collections in glass garages next to the residence itself… even in the 62nd-story penthouse. Rendering of Bentley Tower Residences Sunny Isles Wet Bar Inside Bentley Residences…