Rivage Opens Elegant Bal Harbour Sales Gallery Ahead Of Groundbreaking Posted on March 11, 2024March 11, 2024 by Sarah Elles Boggs 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 Bal Harbour will bring 56 total homes to the Bal Harbour beachfront location at 10245 Collins Avenue. The 275-foot tower has 25 total floors and nestles within the 200-linear-foot private beach and offers 2.67 acres of sophisticated lifestyle amenities. Rivage itself was designed by world-renowned architectural firm SOM, who designed notable projects that include the Burj Khalifa in Dubai as well as Chicago’s Willis Tower (formerly the Sears Tower). Inside, the trendsetting Rottet Studio handled the finishes. Their designs have adorned properties such as the $149 million penthouse at Central Park Tower in New York. Without a doubt, Rivage in Bal Harbour will be featured in countless design books and luxury home showcases. Rivage Bal Harbour Sales Gallery During the immersive sales gallery tour, buyers are able to see actual buildouts of a kitchen and dressing area as they will be upon completion. The kitchens offer custom Sub Zero and Wolfe appliance suites that are integrated with the wood cabinets and include gas ranges and full-height wine chillers. The marble countertops are adorned with Dornbracht fixtures. Rivage Bal Harbour Sales Gallery Kitchen Finishes Rivage Bal Harbour Sales Gallery Midnight Bar Each bedroom and dressing area offers custom closets with oak millwork and leather-lined drawers. The Rottet Studio-designed bathrooms are wrapped in marble, travertine and white oak with Dorbracht fixtures. The stone bathtub and custom lacquered vanity are highlighted by bespoke mirrors and lighting fixtures. Rivage Bal Harbour Sales Gallery Primary Bath Vanities Rivage Bal Harbour Sales Gallery Primary Bath One of the most notable traits of Rivage Bal Harbour is the fact that this is the ONLY ultra-luxury beachfront development in Bal Harbour, and the first to be constructed since Oceana Bal Harbour was completed in 2016. Layouts include three- to eight-bedroom residences, ranging from approximately 3,300 to 12,600 interior square feet. Prices begin at $8 million, up to $60 million. Penthouse details have not yet been released. The development team began marketing within private investment circles last spring, with 30% of the residences currently being sold. Now that there is a sample build-out to tour, it is expected that the remaining purchase opportunities will be absorbed quickly. “Bal Harbour is one of South Florida’s most special neighborhoods and an area we’ve wanted to build in for many years,” says Jon Paul Pérez, Related Group’s President. “Everything is in place to make this a truly once-in-a-generation project, from the site to the team, to the general scarcity of newly constructed high-end supply in this neighborhood. Together with our partners, we look forward to delivering a property that honors Bal Harbour’s glamorous history while helping shape its future.” Groundbreaking is anticipated very soon with completion coming in early 2027. Douglas Elliman is the exclusive broker for Rivage Bal Harbour. If you are interested in an invitation to consider this project, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Images Courtesy of Rivage Bal Harbour Rivage Bal Harbour Sales Gallery Wardrobe RIVAGE BAL HARBOUR OVERVIEW 200 linear feet of pristine private shoreline on a 2.67 acre site 56 homes across 25 floors, designed by world-renowned architecture firm SOM, with interiors by Rottet Studio, and with sweeping views of the Atlantic Ocean, Biscayne Bay and the Miami Skyline Three- to eight-bedroom residences, ranging from approximately 3,300 to 12,600 SF A lavish amenity program, offering the best of Bal Harbour beachfront living Elegant two-story lobby, with full-time concierge offering comprehensive, customized services Curated art programs rotating in the lobby gallery and throughout the common spaces Two-car private garage and storage area for every residence Direct private-elevator entry to each residence 10-foot ceilings and floor-to-ceiling windows Terraces up to 12 feet deep offer direct views of the Atlantic Ocean and Biscayne Bay Spacious living, dining and entertaining area THE AMENITIES Signature oceanfront dining experience, exclusively for residents and their guests Curated social spaces, including formal sitting, reading and cocktail lounges Activities deck with resort-style pools, outdoor spa, sun beds and cabanas, poolside food and beverage service, plus pickleball and padel tennis courts Sunrise Pool offers direct ocean views and indoor-outdoor fitness facilities, ideal for a morning stretch, swim and snack Sunset Pool on the western edge is a lush, tropical refuge, with a bar and adjacent courts, that’s perfect for afternoon-into-evening relaxation Rivage spa, exquisitely appointed with sauna, hammam, hot and cold plunge pools and private treatment rooms for personalized wellness and beauty services Fully serviced beach club State-of-the-art fitness center with high-impact training room and yoga studio overlooking the Atlantic Ocean Virtual reality game simulator and imaginative children’s playroom Bicycle storage
Rivage Bal Harbour Hosts Private Dinner Presentation For Top Brokers Posted on April 6, 2023April 7, 2023 by Sarah Elles Boggs The Related Group and Two Roads Development invited a handful of top brokers for an intimate dinner presentation of their new project, Rivage Bal Harbour. Hosted at the Surf Club Four Seasons in Surfside with a menu by the famed Thomas Keller, 39 attendees experienced an elegant preview of what residents in the new boutique ultra-luxury development will enjoy. Rivage Bal Harbour VIP Broker Dinner Table Between courses, the developers detailed what to expect from their first joint venture together on the Bal Harbour sand. The 275-foot glass oceanfront condo tower has been designed by SOM, a world-renowned architectural firm with iconic projects that include the Sears Tower in Chicago and the Burj Khalifa in Dubai. Rivage is set to offer a limited collection of just 56 beachfront residences just a stones throw from Bal Harbour Shops. The light-filled residences are set to range in size from just under 3,300 square feet to almost 13,000 square feet of air-conditioned space. The indoor/outdoor designs will feature private elevators, 10-foot ceilings, and expansive layouts with custom kitchens, bathrooms and closets. The terraces are 12-feet deep and positioned to highlight the direct water views of the Atlantic Ocean as well as the Biscayne Bay. Rendering of Rivage Bal Harbour 10245 Collins Inlet Rendering of Rivage Bal Harbour Condos Terrace View The shared amenity areas also offered elevated indoor/outdoor living with services including signature oceanfront dining in a residents’-only restaurant, curated social spaces with cocktail lounges, formal sitting and reading areas, a wellness center with state-of-the-art fitness equipment and a well-appointed spa with full service menus as well as areas for children to enjoy. The outdoor areas include 200 linear feet of pristine shoreline with a fully-serviced beach club and full-time concierge services. Rendering of Rivage Bal Harbour 10245 Collins Pool Gardens Those in attendance included Jay Parker (CEO of Douglas Elliman Florida), Cathy Strafaci (President of Douglas Elliman Development Marketing), Taylor Collins (Managing Partner of Two Roads Development), JP Pérez (President of Related Group), Nick Pérez (Senior Vice President of Related Group), Eric Fordin (Senior Vice President of Related Group) and myself, along with a small selection of other top brokers whose clientele will appreciate such offerings. Prices of the bespoke residences are expected to start at $8.5 million to upwards of $65 million for the upper penthouse. The development team expects to begin construction by the end of the year, with closings commencing by 2026. Rivage Bal Harbour VIP Broker Dinner Douglas Elliman is the exclusive broker for Rivage Bal Harbour. If you are interested in an invitation to consider this project, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
The Related Group + Partners Debut Rivage Bal Harbour With New Renderings Posted on January 26, 2023January 28, 2023 by Sarah Elles Boggs The Related Group, in partnership with Two Roads Development and Rockpoint, is entering the Bal Harbour market with Rivage, a 24-story oceanfront tower at 10245 Collins Avenue. The new super-luxury boutique project has just 61 residential units and over 25,000 square feet of shared amenities. The 61 open-concept residences offer between 3,300 and 13,000 square feet of interior space and are priced between $8 million and $65 million. “Bal Harbour is one of South Florida’s most special neighborhoods and an area we’ve wanted to build in for many years,” says Jon Paul Pérez, Related’s President. “Everything is in place to make this a truly once-in-a-generation project, from the site to the team, to the general scarcity of newly constructed high-end supply in this neighborhood. Together with our partners, we look forward to delivering a property that honors Bal Harbour’s glamorous history while helping shape its future.” Rendering of Rivage Bal Harbour 10245 Collins Pool Gardens The 275 foot tower will rise over the sand just steps from Bal Harbour Shops on Collins Avenue. It is one of the more complicated new projects that Related Group has undertaken as the 2.7-acre build site is currently the home of a 14-story residential tower that was built in 1956. In order to begin Rivage, the development team had to convince over 90% of the owners at the aging condo development that it is in their best interest to sell. These “condo terminations” as they are commonly referred to, are exceedingly complicated and time consuming, even after the tragedy in Surfside in 2021 ushered in new legislation that motivated many owners to move forward with selling. Rivage is set to offer an elegant tropical modern aesthetic with plenty of bright flowers, flowing natural shapes and an indoor/outdoor vibe throughout the building. The structure itself consists of three interconnected oval-shaped sections of glass walls that is inspired by a crystalline coral reef. The entry and external columns are enveloped with pre-cast stone panels, further accentuating the coral reef ambiance. Rendering of Rivage Bal Harbour 10245 Collins From Beach Rendering of Rivage Bal Harbour 10245 Collins Valet Keeping in tune with their other developments in the ultra-luxury sector, Related Group anticipates buyers will also like to purchase multiple units in order to create custom-designed homes within the building’s footprint. Each of the residences will offer in-unit elevator lobbies, a private parking garage within each unit and oversized terraces with direct views of either the Atlantic Ocean or the nearby Biscayne Bay. The shared amenities are set to include a fitness pavilion with inspiring views, a hammam, hot/cold plunge pools, private treatment rooms, pickleball and paddleball courts as well as a lushly landscaped oceanfront pool. The two lower penthouses range in size from 8,700 square feet to around 9,500 square feet and will be priced at $50 million and $45 million. The upper penthouse will be offered at around $65 million. Details of these designs are to follow. Closings are expected in late 2025 or early 2026. Rivage is especially interesting to buyers in Bal Harbour at this time because the area has been under a drought of new inventory in recent years. The next-newest development is Oceana Bal Harbour, which is also wildly successful and was built in 2016, making Rivate a welcome addition to this section of Miami Beach. Douglas Elliman is the exclusive broker for Rivage Bal Harbour. If you are interested in an invitation to consider this project, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Rendering of Rivage Bal Harbour 10245 Collins Lobby Entry
Top 8 Uber-Luxe Condo Sales of 2017 (All Over $10M) Posted on January 3, 2018January 3, 2018 by Michael Light The Miami/Miami Beach luxury condo market is always a hot-button topic among real estate news outlets around the globe. And, with many people questioning the stability of the luxury market, it is important for me to point out that there were 8 condos that sold over $10 Million in Miami-Dade County in 2017 (per MLS data). And, think about this…this list does NOT include developer inventory not on the MLS, which, if I had access to, would make this number much higher. Topping the list for a second consecutive year was a luxury penthouse at Palazzo del Sol on the ultra-exclusive Fisher Island. In 2016, Penthouse 3 topped the list selling at $21,500,000, but the 2017 sale surpassed that by a landslide with the sale of the ultimate trophy Penthouse 2 selling for a whopping $31,261,545 in the summer of 2017. Top 8 Condo Sales of 2017 (Over $10M) #1 Palazzo del Sol PH 2 | Fisher Island | Sold for $31,261,545 Closed on 05/04/2017 9,715 SF Living Area | 8,595 SF of Terraces 7 Bedrooms | 7.5 Bathrooms Sold for $3,217.86 Per Square Foot #2 Porsche Design Tower PH 5601 | Sunny Isles Beach | Sold for $25,000,000 Closed on 03/31/2017 9,560 SF Living Area | 6,515 SF of Terraces | 3,328 SF of Garage Space 4 Bedrooms + Den | 6.5 Bathrooms Sold For $2,615.06 Per Square Foot #3 Palazzo del Sol Unit 7053 | Fisher Island | Sold for $16,500,000 Closed on 12/01/2017 9,826 SF Living Area | 1,797 SF of Terraces 7 Bedrooms | 7.5 Bathrooms Sold For $1,679.22 Per Square Foot #4 Faena House Unit 9A | Miami Beach | Sold for $12,500,000 Closed on 01/12/2017 4,730 SF Living Area | 1,516 SF of Terraces 5 Bedrooms | 6.5 Bathrooms Sold for $2,642.71 Per Square Foot #5 Faena House Unit 6A | Miami Beach | Sold for $13,000,000 Closed on 12/28/2017 4,720 SF Living Area | 1,526 SF of Terraces 5 Bedrooms | 6.5 Bathrooms Sold for $2,754.24 Per Square Foot #6 Oceana Bal Harbour UPH 02E | Bal Harbour | Sold for $14,490,000 Closed on 03/03/2017 6,145 SF Living Area | 4,957 SF of Terraces 3 Bedrooms + Den | 6.5 Bathrooms Sold for $2,358.01 Per Square Foot #7 W South Beach UPH 5 | South Beach | Sold for $10,200,000 Closed on 06/12/2017 2,912 SF Living Area | 690 SF of Terraces 3 Bedrooms | 3 Bathrooms Sold for $3,502.75 Per Square Foot #8 Regalia Unit 37 | Sunny Isles Beach | Sold for $10,100,000 Closed on 02/07/2017 5,515 SF Living Area | 2,085 SF of Terraces 4 Bedrooms | 5.5 Bathrooms Sold for $1,831.37 Per Square Foot If you are interested in learning more about luxury condos in Miami, please contact Broker Associate, Michael Light, Senior Director of Luxury Sales at Douglas Elliman Real Estate and Founder/Owner of the Miami Luxury Homes Group at Douglas Elliman. You may reach Michael directly at (305) 350-9842 or michael@miamiluxuryhomes.com. Disclaimer: The information contained herein was retrieved from the Multiple Listing Service (MLS) on January 2, 2018 and developer floor plans. All information contained herein is for informative purposes only and should not be relied upon without representation.
Top 11 Ultra-Luxe Condo Sales of 2016 (All Over $10M) Posted on January 29, 2017 by Michael Light The Miami/Miami Beach condo market is always a hot-button topic among real estate news outlets throughout the country and globally. And, with many people questioning the stability of the luxury market, I just want to point out that in 2016, there were 11 condos that sold (per MLS data) in Miami-Dade County over $10 Million. The chart below lists these condo sales which was topped off by an exquisite penthouse at Palazzo del Sol on the ultra-exclusive Fisher Island. Top 11 Condo Sales of 2016 (per MLS data) Topping the list at #1 was Penthouse 3 at Palazzo del Sol on prestigious Fisher Island, which sold for a whopping $21,500,00! This penthouse consists of 6,644 square feet of interior living space offering 4 bedrooms, 4 full bathrooms, 1 half bathroom, theater, living room, dining room, family room, study and laundry room. This penthouse also boasts 6,410 square feet of terrace space that includes a rooftop terrace with stunning water views. So, with the top 11 condo sales in Miami-Dade closing at a volume of $147,294,044 with an average price per square foot of $2,103.55, it seems that ultra-luxury, waterfront condos are still in high demand! If you, or someone you know, are interested in luxury condos in Miami, Miami Beach or Fisher Island, please contact Michael Light of Douglas Elliman. You may reach Michael on his cell phone at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
Seasonal Rental | 2 Bed/2.5 Bath Oceanfront Deluxe Suite at Ritz Carlton Bal Harbour Posted on December 11, 2015December 11, 2015 by Michael Light Enjoy a 2 bedroom / 2.5 bathroom Oceanfront Deluxe Suite at the Ritz Carlton Bal Harbour offering 1,657 square feet of interior space with a private elevator entrance. This luxury suite is turn-key including a fully-equipped kitchen with premium appliances, tableware and cookware, living room, dining area, large bedrooms with king-size beds and spa-like bathrooms with oversized soaking tubs and glass-enclosed showers. This beautiful suite features 3 spacious terraces with expansive views of the Atlantic Ocean and Intracoastal Waterway. Ritz Carlton Bal Harbour Living Room Ritz Carlton Bal Harbour Bedroom Ritz Carlton Bal Harbour Bathroom Enjoy the 5-star amenities and services the Ritz Carlton is celebrated for including a spectacular pool deck featuring a European-edged, heated swimming pool with towel service and attendants, exclusive luxury cabanas with private hot tubs, pool bar and grill offering pool and beach services, state-of-the-art fitness center with group classes and personal training, waterfront spa with private treatment rooms, children’s amenities, the Ritz Kid’s Program, 10,000 square feet of indoor and outdoor event space, 24-hour business center, personalized concierge services, 24-hour valet services and much more! Located in a reserved, 5-acre waterfront property, the 18-story luxury Ritz Carlton hotel sits in a private enclave in the heart of the area’s most exclusive neighborhood, Bal Harbour, on Collins Avenue where the Atlantic Ocean meets the serene waters of the Intracoastal Waterway. The Ritz Carlton Bal Harbour is conveniently located near both the Miami International and Fort Lauderdale International airports and just minutes away from Miami’s top attractions, art, entertainment, high-end shopping and an eclectic variety of fine-dining restaurants. Ritz Carlton Bal Harbour Swimming Pool If you, or someone you know, are interested in leasing this spectacular suite at the Ritz Carlton in Bal Harbour for short term or long term, please contact the listing broker Michael Light for rates and availability. You may reach me directly at my office at (305) 350-9842, on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Ritz Carlton Bal Harbour Exclusive Pool Cabana Ritz Carlton Bal Harbour Features and Amenities European-edged outdoor heated swimming pool with lounge chairs, umbrellas and towel service Exclusive luxury pool cabanas with private hot tub, refreshments, beverages and a personal server Pool Bar & Grill offering daily pool and beach service Direct beach access Luxury meeting and event amenities including 10,000 square feet of indoor and outdoor event space, 24-hour business center, conference concierge services, innovative catering and meeting services such as audiovisual and technology technicians State-of-the-art fitness center featuring cardio and strength-training equipment, steam and sauna rooms, group classes and personal trainers upon request Waterfront spa with private treatment rooms, relaxation areas and lounges and steam and sauna rooms Ritz Kids Program Children’s amenities including video game library and gaming systems, movie and book libraries, toys and board games, sand dune play area and water sports Bistro Bal Harbour Signature Restaurant
Top 25 Most Expensive Miami Condo Sales of 2014 Posted on January 15, 2015 by Michael Light Top 25 Most Expensive Miami Condo Sales of 2014 Since the crash of the market in 2008, many people question the stability of the luxury condo market in Miami even though the Miami condo market has shot back up to the top in a short amount of time. If you don’t believe me, check out the statistics from 2014…numbers don’t lie! In 2014, there were 1,087 Miami condo sales of $1M or above which accounted for 6.1% of the 17,834 total condo sales. Moreover, the chart above is a list of the Top 25 most expensive condo sales in Miami in 2014, to further confirm the high demand for ultra-luxury condos in Miami. The total sales volume for these Top 25 condos is a whopping $276,015,000 with an average of 261 days on the market. These condo residences had an average price per square foot of $2,434.79 and a median price per square foot of $2,333.23. To top the list at #1 was Continuum South Beach South with its $27.5M sale of units 3602 | 3603 | 3604 combined into one luxurious, mega condo. Continuum South Beach consists of 2 exclusive, gated towers and sits on 12 acres of pristine, oceanfront land. Continuum South Beach offers a truly 5-star lifestyle. Whether you pamper yourself in the European spa, take a Pilates class in the private, three-story Sporting Club or work with a tennis pro on one of the three championship clay tennis courts, Continuum South Beach has something exceptional for everyone. In addition, 12 of the Top 25 Miami condo sales came from Miami Beach, with 5 on Fisher Island, 4 in Bal Harbour (all of which were at St. Regis Bal Harbour), 2 in Sunny Isles Beach and 1 in Key Biscayne. Also, Coconut Grove made the list with the sale of unit 3001 at Grovenor House which was also #1 on the list of the 25 most expensive Coconut Grove real estate sales of 2014. Additionally, my St. Regis Bal Harbour sale almost made the Top 25 list. Ranking as the 32nd most expensive condo sale in Miami in 2014, was my sale at the luxurious, St. Regis Bal Harbour Residences. I sold Unit 1901 in the North Tower at St. Regis Bal Harbour in March of 2014 for $6.5M, decorator ready. This gorgeous, 3 bedroom plus den, 3.5 bath condo boasts 3,884 square feet of interior space with 1,332 square feet of terrace space overlooking the breathtaking Atlantic Ocean. Aside from the stunning residences, St. Regis features unparalleled amenities and views and is one of the most exclusive condo buildings in South Florida. St. Regis Bal Harbour Condo Residences If you, or someone you know, are interested in purchasing a Miami luxury condo, it is imperative that you work with a real estate agent who specializes in the Miami condo market. So, please call me, Michael Light of Miami Luxury Homes, to help you with all of your Miami real estate needs. You may contact me at my office at (305) 350-9842, on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Disclaimer: All of the statistics referenced herein were retrieved from the Multiple Listing Service (MLS) on January 15, 2015.
Michael Light Sells St. Regis Bal Harbour Unit 1901N For $6,500,000 Posted on March 28, 2014 by Michael Light This week, I sold Unit 1901 in the North Tower at the St. Regis Bal Harbour Residences for $6.5M to a businessman from New York. Located at 9705 Collins Avenue in Bal Harbour, Florida, Unit 1901 encompasses the entire northern end of the building. With views of the Atlantic Ocean to the east, as well as Bal Harbour and the Intercoastal Waterway to the west, it is hard to find a building that can rival the location of the St. Regis Bal Harbour. This stunning Bal Harbour luxury condo has three bedrooms, a den and three and a half-baths and boasts 3,884 square-feet of interior space and 1,332 square-feet of terrace space. The unit was sold decorator ready, which means the buyer will have to hire contractors to install flooring, lighting, closets, wall coverings, trim and window treatments. To complete the build-out and decorate this luxury Bal Harbour condo, it may cost the buyer as much as $500,000. So far this year, there have been 94 closed sales of Bal Harbour condos with prices ranging from $115,000 up to $6,500,000. This sale of Unit 1901N at the St. Regis Bal Harbour Residences represents the highest price paid for a condo in Bal Harbour in 2014, further solidifying the increasing demand for and prices of all South Florida luxury condos. Owners of the St. Regis Bal Harbour’s 282 residences will enjoy the following resident privileges: Private Residents’ pool Exclusive concierge and check-in for Residents Exclusive fitness facilities for Residents 24-hour in-room dining service Housekeeping service Dry cleaning and laundry services In-room catering and personal chef Pre-arrival provisioning, grocery shopping and delivery Pet services Nanny and childcare services Bag pick-up service from the Bal Harbour Shops If you, or someone you know, would like more information on the St. Regis Bal Harbour Residences or would like a private tour, please contact me. You can reach me directly at my office at 305-350-9842, on my cell phone at 786-566-1700 or via email at michael@miamiluxuryhomes.com. Here are some photos of Unit 1901N at the St. Regis Bal Harbour Residences as well as building photos: St. Regis Bal Harbour 1901N View St. Regis Bal Harbour 1901N Living Room St. Regis Bal Harbour 1901N Master Bedroom St. Regis Bal Harbour 1901N Kitchen St. Regis Bal Harbour 1901N Kitchen St. Regis Bal Habour 1901N Floorplan St. Regis Bal Harbour Street View St. Regis Bal Harbour Residence Lobby St. Regis Bal Harbour Hotel Pool St. Regis Bal Harbour Hotel Pool St. Regis Bal Harbour Fitness Center St. Regis Bal Harbour Fitness Center St. Regis Bal Harbour Lounge Bar St. Regis Bal Harbour Lounge Restaurant