Home » MHN City Pages  »  Miami  

WP HTTP Error: A valid URL was not provided.


Four Seasons to Brand Fort Capital’s Luxury Oceanfront Mixed-Use Project

3 Feb 2014, 9:36 am

By Balazs Szekely, Associate Editor

Fort Capital, has entered an agreement with Four Seasons to brand and manage The Surf Club, a luxury mixed-use property currently under construction on 9-acres of surfside land that Fort Capital acquired in 2012. Development started on the buildings in fall 2013 with Coastal Construction serving as general contractor. The project is on schedule to be completed in early 2016.

The project includes a state-of-the-art hotel as well as a luxury residential component, both designed by Richard Meier & Partners and KKAID. Four Seasons Hotel at The Surf Club will have approximately 80 rooms, and incorporate a historic Russell Pancoast-designed building. The Surf Club Four Seasons Private Residences will comprise 150 homes and penthouses in two 12-story towers, ranging from 1,200 to 8000 square feet in size. The residences with up to 20-foot ceiling heights, floor-to-ceiling windows and sliding glass doors feature 12-foot-deep terraces.

CEO of Fort Capital Nadim Achi is confident regarding the partnership with Four Seasons, highlighting that as a result of the collaboration the facility will consistently deliver the highest caliber of service.

“Their expertise, track-record and fully-integrated bespoke service will provide owners and guests with an unmatched lifestyle of luxury and ease. Richard Meier & Partners in association with KKAID have created buildings which will become iconic additions to the Surfside landscape,” Achi says.

Besides the hotel and the two residential towers, the 965 feet of Atlantic oceanfront will include two restaurants, four swimming pools and a spa and fitness center.  40 beach cabanas, a park and oceanside gardens are also part of the plan.

Rendering courtesy of Fort Capital



ARTIC Acquires St. Regis Bal Harbour Resort for $213M

24 Jan 2014, 9:18 pm

By Balazs Szekely, Associate Editor

Al Rayyan Tourism Investment Company (ARTIC) along with Starwood Hotels & Resorts Worldwide Inc. recently announced that ARTIC has purchased the St. Regis Bal Harbour Resort in Miami. The transaction was worth $213 million.

ARTIC is the international hospitality subsidiary of Al Faisal Holding Company, one of Qatar’s largest private diversified industry groups. Engaged in real estate development, acquisition and leasing, the company focuses mainly on the hospitality industry and owns a portfolio of more than 25 hotels worldwide.

This acquisition complements our investment focus on world class assets in prime locations as we continue to expand our presence around the globe,” says H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of ARTIC.

The company owns properties over the Middle East and North Africa, Europe and North America as well.

Located at 9703 Collins Avenue near South Beach, opposite Bal Harbour Shops, the St. Regis Bal Harbour Resort is situated on nine acres of oceanfront land. The 27-story building was designed by Sieger Suarez Architectural Partnership with interiors by Yabu Pushelberg, and was inaugurated on January 19, 2012. The building features 207 Art Deco style rooms and suites as well as a residential division called St. Regis Bal Harbour Residences, which includes branded private residences and condo-hotel units.

A range of amenities also came with the hotel, namely 11,200 square feet of indoor function space and several outdoor venues, a 14,000 square-foot Remède Spa, Jean-Georges Vongerichten’s J & G Grill and two other dining outlets.

ARTIC has not revealed plans to rebrand the property and it will also continue to be managed under a long-term agreement by Starwood Hotels.

Photo credits: Starwood Hotels & Resorts Worldwide



First Miami International Tradeport Warehouse Completed

20 Jan 2014, 7:17 am

By Balazs Szekely, Associate Editor

Liberty Property Trust’s Miami International Tradeport initiative reached an important milestone as the commercial real estate leader started the New Year by celebrating the completion of the industrial park’s first warehouse. The grand opening ceremony was held January 9 in the presence of Vice Mayor of the Town of Medley, Griselia Digiacomo, and Council Member Susana Guasch. The event was hosted by Andy Petry, Jim Lutz, and the Liberty Property Trust South Florida team.

Liberty serves commercial real estate customers in the US and UK with a portfolio of 106 million square feet consisting of 843 office, distribution and light industry properties. The company is involved in the development, acquisition, ownership and management of superior office and industrial properties, serving more than 2,000 tenants.

Located at 11455 NW 122nd Street in western Miami-Dade County. Miami International Tradeport is convenient to Miami International Airport, Port Miami, Fort Lauderdale International Airport and Port Everglades. Completion of the 147,840 square foot warehouse facility marks the first phase of Liberty’s $135 million industrial park. The recently inaugurated facility is designed to meet LEED standards, featuring energy-efficient T5 fluorescent lighting throughout the facility and impact glass for natural lighting during daytime. It has a 30-foot minimum clear height; 1/1000 parking ratio; 130-foot to 200-foot truck court with trailer storage available; 2000 amps with upgraded power available and prominent signage that will be visible from the Turnpike.

RLC Architects has been entrusted with planning, the engineer for the facility is Ludovici and Orange, and the general contractor is Butters Construction & Development. Liberty’s senior project manager in charge is Jay Ohanesian.

The industrial park will include 9 class-A warehouse facilities upon completion, totaling around 1.5 million square feet.

Photo courtesy of Liberty Property Trust



Miami Beach’s Southgate Towers Undergo a $40M Renovation

13 Jan 2014, 8:23 pm

By Balazs Szekely, Associate Editor

The bayfront apartment buildings at 900 and 910 West Avenue will soon get a fresh look inside and out as ADD Inc. undertook a $40 million recovery of the community. Henrico, Va.-based Gumenick Properties owns and manages the complex. The improvements include 495 newly designed residential units, public areas, the addition of pool cabanas, retail spaces, a restaurant and a whole new facade. Completion is expected next year. Architect Jonathan Cardello, Principal – Director of ADD Inc. in Miami, is in charge of the renewal project.

ADD Inc, is an architecture and design firm with offices in Boston and Miami. More than 60 finished projects over the nation confirm the company’s success on their website. Workplace, mixed use, academic, retail, branding and residential designs add up to the majority of the portfolio. Their earlier South Florida architectural projects include the Gale South Beach and Shelborne South Beach hotels; Paramount Bay with Kravitz Design; Jade Signature with Herzog & de Meuron; The Fillmore Miami Beach at the Jackie Gleason Theater; the Bayfront Amphitheater; BGT Partners’ global headquarters and the River Landing mixed use destination.

The new energized outdoor look will aggregate hurricane-proof windows with perforated aluminium screens and glass rails on the balconies painted white and blue. Indoors the apartment units along with the penthouses will get new carpets in the bedrooms, flush lighting, European-style cabinetry, washers/dryers and porcelain tile in the living areas and bathrooms. The three-bedroom penthouses will be enhanced with top-notch electrical appliances, stone kitchen counters and whirlpool tubs. Located between the two towers, the lobby will be completely redone by adding brand new upscale furniture, classy fixtures, a new hospitality lounge and improving it a with a glass wall that will provide an extensive view of the pool with the bay in the background. The ground-floor clubroom and the fitness center will also be renovated with the addition of a workout room for personal training or yoga.

Photo credits: Southgate Apartments

 



Greystone Lines Up Its First Multifamily Project in Miami Market, Near Miracle Mile

28 Dec 2013, 12:37 am

By Alex Girda, Associate Editor

A new company is set to try the water in Miami as Greystone has lined up its first multifamily project for the area’s market. The financial services and private investment group has acquired a development site in one of the most sought after areas of Miami, Miracle Mile. Greystone is part of a joint venture that also includes local company Alta Developers and Strategic Properties. The three companies will now begin development on a new high-rise residential project. According to a recently released press statement, the overall value of the project would stand at around $40 million.

The project, set to be named The Mile, will be a 13-story tall, mixed-use property that will take shape at 3622 S.W. Coral Way, within earshot of the popular Miracle Mile retail district, in Downtown Coral Gables. When completed, the building will offer 119 residential units, as well as street level retail. The building’s design will be provided by local architecture firm, Behar Font & Partners.

According to the CEO of Greystone Property Development, Jeff Simpson, it is the company’s belief that “Coral Gables market is extremely promising for multifamily real estate development, considering the increasing demand for housing within walking distance of the area’s shopping, restaurants and cultural activities.”

The Mile’s amenity package will offer future residents a health club, swimming pool, secure garage parking, concierge service, as well as a host of other luxury amenities. Greystone has ramped up its activity recently and aside from this newly-announced residential project in Miami, it also has a development pipeline for increasingly popular neighborhoods in NYC including West Village, Williamsburg and DUMBO.







Leave a Reply