Aston Martin Residences’ Sales Gallery is Officially Open Posted on June 24, 2017 by Michael Light The Aston Martin Residences‘ multi-million-dollar sales gallery is officially open with a rare $2.5 Million Aston Martin Vulcan just chilling in the lobby. -Prices at Aston Martin Residences range between $600,000 – $35,000,000- G&G Business Developments, owned by the Argentinian Coto family, partnered with the high-end sports car company, Aston Martin, to launch the uber-luxe residential condo development in the epicenter of Downtown Miami. G&G purchased the Vulcan, which is only 1 of 24 in the entire world, and will keep it in the lobby of the 3-story sales center for potential buyers to see. Aston Martin Vulcan on Display at the Aston Martin Residences This pre-construction residential development will be the 1st ever residential tower for Aston Martin, but not Miami’s first uber-luxe car-branded condo, as Porsche Design Tower was recently completed in Sunny Isles Beach. Aston Martin Residences is estimated to break ground late this fall (2017) with an anticipated completion date of 2021. Below are the renderings of the Aston Martin Sales Gallery, all photos courtesy of The Real Deal. Model Kitchen at the Aston Martin Residences’ Sales Gallery Living Room at the Aston Martin Residences’ Sales Gallery Living Room at the Aston Martin Residences’ Sales Gallery Rooftop deck at the Aston Martin Residences’ Sales Gallery If you, or someone you know, are interested in purchasing a luxury condo or penthouse at Aston Martin Residences in Downtown Miami, please contact your Miami condo expert and Director of Luxury Sales at Douglas Elliman, Michael Light for an exclusive presentation. You may reach Michael at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. DOWNLOAD – Aston Martin Residences Brochure DOWNLOAD – Aston Martin Residences Fact Sheet
Design Plans Revealed for Restoration of 900 Biscayne Bay Pool Deck Posted on February 22, 2017 by Michael Light Detailed plans of the total restoration of 900 Biscayne Bay’s pool deck has been revealed with a completion date scheduled for December. Arquitectonica is designing the project that will include an extension of the upper pool deck, resurfacing, new lush landscaping, the addition of new furniture and addition of an observation deck with a zen seating area. KW Property Management manages the 900 Biscayne Bay Condominium Association, led by Property Manager Matthew Christopher. KW Property Management held a town hall meeting on November 15, 2016 to discuss the pool deck restoration project design, which was attended by the landscape architect, Arquitectonica. During the meeting, Arquitectonica presented their final design for the much-needed facelift. The design presentation of the renovation, provided to unit owners, is available for you to download below. DOWNLOAD: Arquitectonica’s Pool Deck Restoration Project Design Presentation Just last week, Christopher confirmed in an email that they have an estimated timeline for the project: February 27, 2017: The board will approve the final design from the landscape architect Summer 2017: Commencement of restoration December 2017: Target date of completion, so that it is fully operational for peak season Arquitectonica’s Master Plan – 900 Biscayne Bay Pool Deck Restoration Design Key Features of the Pool Deck Restoration Extension of the upper pool deck to have ample room for additional trees, vegetation and furniture New Hardscape on Pool Deck: Pool deck will be repaved with Crema Tumbled Marble with accents of walnut-colored Tumbled Noche Travertine, complemented with a special slate accent band New Landscaping: Lush vegetation such as Coconut Palm Trees, Bahama Joewoods, Autograph Trees, Sea Grapes, Florida Thatch Palms and Japanese Privets Observation Deck with Zen Seating Area Custom LED Lighting New Outdoor Furniture Hammocks will be added by the hot tub BBQ Area with 2 built-in grills If you, or someone you know, are interested in buying or selling a luxury condo at 900 Biscayne Bay in Downtown Miami, please contact Michael Light, your trusted Miami condo specialist. You may reach Michael at (786) 566-1700 or michael@miamiluxuryhomes.com.
JUST LISTED | Marina Blue Unit 3507 with Direct Bay Views Offered at $409,888 Posted on February 10, 2017February 10, 2017 by Michael Light Miami Luxury Homes has just listed an exceptional investment opportunity with direct-water views from every room at Marina Blue in the epicenter of Downtown Miami. Unit 3507 at Marina Blue is a beautiful 1-bedroom, 1.5-bathroom condo offering an open layout with 833 square feet of interior living space featuring 24-inch porcelain flooring, 9-foot ceilings and floor-to-ceiling, impact-resistant windows and glass doors throughout. This modern unit boasts an open kitchen with granite countertops and stainless steel appliances, spacious bedroom with custom-built, walk-in closet, a spa-inspired master bathroom with a dual sink vanity with marble countertops and a glass-enclosed wet room with an oversized soaking tub and separate shower and an in-unit washer and dryer pantry. Unit 3507 also boasts an expansive terrace with incredible views of Biscayne Bay, the Atlantic Ocean and the Miami Beach skyline. Marina Blue Unit 3507 Floor Plan Situated in the heart of Downtown Miami next to the highly-anticipated Miami Worldcenter, Marina Blue boasts exceptional amenities including a resort-style pool deck with a sunrise pool, sunset pool, hot tub, plunge pool, 5-hole putting green, sand-beach volleyball court and barbecue grills with seating. Marina Blue also features a high-tech fitness center, a separate yoga/aerobics studio and a social club room. For more about Marina blue, please visit www.MarinaBlueCondos.com. If you, or someone you know, are interested in purchasing unit 3507 at Marina Blue, an extraordinary condo investment in the heart of Downtown Miami, please contact listing broker, Michael Light of Douglas Elliman. You may reach Michael at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Marina Blue Unit 3507 City View Marina Blue Unit 3507 Master Bedroom View Marina Blue Unit 3507 Kitchen Flow Through Marina Blue Unit 3507 Kitchen Marina Blue Unit 3507 Master Bathroom
Miami Luxury Homes Picks: Top 9 Real Estate Stories of 2016 Posted on January 6, 2017 by Michael Light 2016 was an interesting, but great year, so Miami Luxury Homes has rated its Top 9 Real Estate Stories of 2016…in no particular order. 1. Miami Condo Market is Far From a Bust: Response to the Wall Street Journal 2. New Order Affecting All-Cash Luxury Real Estate Purchases in Miami Starts Today 3. Redesign of Miami Worldcenter—From “Mall” to Open-Air, Lincoln Road-Esque shopping District 4. The Miami River is Experiencing a Resurgence 5. Camp Biscayne’s “Hammock House” Brings the Outside In (VIDEO) 6. Seller Beware: Agents Will Try to “Buy” Your Listing? 7. Canadian Sellers Grab Instant 45% Return Due To Exchange Rate 8. The Mother of all Amenities: Private Jet Parking for Turnberry Ocean Club Buyers 9. Rockwell Island Luxury Homes in Bimini | Exclusive Video Tour of Genting Group Chairman K.T. Lim’s Estate Although many naysayers predicted that the sky was going to fall in Miami, it was far from that. Because of the crazy (GOOD CRAZY) few years we have had with prices skyrocketing, the market had to stabilize itself, and that’s what it did in the 2nd half of 2016…prices leveled off, inventory rose, and we slowly shifted into a buyer’s market. We all know that international buyers LOVE Miami. But, just like a game of whack-a-mole, when one group backs off, another steps up, and that is what is happening with buyers from Canada. According to a recent report by the Miami Association of Realtors, Canadians have surpassed Colombians as the top buyers of South Florida real estate. And, we have seen an even greater number of domestic buyers than ever before. 2017 should be very interesting… If you are interested in learning more about the Miami real estate market, please contact broker Michael Light, Director of Luxury Sales at Douglas Elliman. You may reach Michael on his cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com.
MLH Exclusive – Paramount Miami Sales Breakdown and Redesign Update Posted on December 16, 2016 by Michael Light We have a lot of important new updates about Paramount Miami Worldcenter…yes, it is 55% sold, but we have the actual sales breakdown, AND a brand new “presentation” with the significant information about the “redesign” of the project. Last Friday, one of my clients who has purchased multiple units in the building and I visited the sales gallery to receive a full overview of specific details and changes to the project. Paramount Miami Worldcenter is 55% Sold Paramount Miami has 55% of its units under hard contracts with money in escrow. The Breakdown… Of all sales at Paramount Miami Worldcenter, the split is equal, 50% of the units sold are on the west side of the building and 50% of the units sold are on the east side of the building. Percentage of Units Sold to Date at Paramount Miami Worldcenter To further breakdown the sold inventory by east vs. west side, 61% of all east-facing units have been sold and 53% of all west-facing units have been sold. *Please note that the east side of the building has 6 units per floor and the west side of the building has 7 units per floor. Percentage of Units Sold to Date at Paramount Miami Worldcenter – East vs. West Side Even further, lets drill down to look at high floors vs. low floors sold in quadrants…from floors 10-25 on the east side of the building 58% of that inventory has been sold and from floors 26-45 on the east side of the building 68% of that inventory has been sold. *Below, we explain that an 8th and 9th floor has just recently been added to the building, which may slightly skew these numbers. Sales Distribution on the East Side of Paramount Miami Worldcenter – High vs. Low Floors From floors 10-25 on the west side of the building 68% of that inventory has been sold and from floors 26-45 on the west side of the building 45% of that inventory has been sold. *Below, we explain that an 8th and 9th floor has just recently been added to the building, which may slightly skew these numbers. Sales Distribution on the West Side of Paramount Miami Worldcenter – High vs. Low Floors Redesign of Paramount Miami Worldcenter Everything has been in flux over the past year since an announcement of the “redesign” to the retail portion of Miami Worldcenter was announced. Since Paramount Miami sits atop Miami Worldcenter, any changes to Miami Worldcenter certainly would impact Paramount Miami. The redesign will bring the following 3 major changes to Paramount Miami Worldcenter: Addition of New Amenities Addition of 2 full floors of residences (8th & 9th floor) PRIVATE parking garage for residents of Paramount Miami Explanation… The change from a traditional box mall to a high-street retail, Lincoln Road-type shopping center has impacted the height of Miami Worldcenter. Miami Worldcenter was originally planned to be 120-feet high, but has been redesigned to be 90-feet high. This impacts the amenity level for Paramount Miami which originally sat on the 9th floor, or 120 feet above street level and will now sit on the 7th floor, or 90 feet above street level. Most wouldn’t consider this much of a change but the first question that comes to mind is, does the condo tower and all units in it now sit 30′ lower than originally designed? The answer is NO…the height of Paramount Miami has not changed. With the amenity level originally on the 9th floor, units in the tower began on the 10th floor. What the developer of Paramount Miami has done is added 2 full levels of units on the 8th and 9th floors since the amenity level is now on the 7th floor. Furthermore, the height change allowed the developers to add a lower level of amenities that were not originally in the plans. This is how the developer was able to add a full business center, yoga studio, half-court basketball court and a racquetball court on the lower levels, not to mention that the developer also snuck in a super cool observatory and a game room with a golf simulator. Below, you will find an updated breakdown of all amenities now being offered in the building with “The Most Amenities in the World!” Updated Amenities at Paramount Miami Worldcenter 7th Floor Amenity Deck at Paramount Miami Worldcenter Upper Deck Amenity Level at Paramount Miami Worldcenter SkyDeck Amenity Level at Paramount Miami Worldcenter Also, a HUGE major improvement to Paramount Miami is that all residents will be able to park within the actual residence tower, exclusive ONLY to residents. Originally, the parking for both the residential tower and the retail portion shared a parking garage. Now, with the high-street retail splitting the building, the parking garages have been separated. DOWNLOAD THE BRAND-NEW UPDATED PARAMOUNT MIAMI BROCHURE Why Paramount Miami Worldcenter??? As most of you know, I have been a big proponent of Paramount Miami Worldcenter since its launch in November of 2014. In fact, we have written about the project over 30 times, operate www.ParamountMiamiCondos.com and have sold many, many units to clients from around the globe. I am asked all the time why it is one of my favorite projects in Miami, and my answer has always been the same, it will forever change the face of Miami. Too many agents have varying opinions of what is the “best” project in Miami, “best” views, “best” value, etc. I am not saying Paramount Miami is the “best,” what I am saying is that it will forever transform Miami. Miami Worldcenter, which Paramount Miami sits atop, encompasses 28 acres of land. It is so big, that it is only 2nd in size in the U.S. to Hudson Yards in NYC. In fact, the developers of this mega-project have been working on the assemblage of the land necessary to complete Miami Worldcenter for over 15 years. Nowhere in any other major metropolitan city in America are you able to assemble this much contiguous land to put together a project like this. If you, or someone you know, are interested in purchasing at Paramount Miami Worldcenter, please contact Michael Light. You can reach Michael on his cell phone at (786) 566-1700, directly at his office at (305) 350-9842 or via email at michael@miamiluxuryhomes.com.
Heavy Hitters Speak at the 2016 Urban Land Institute Miami Condo Symposium Posted on December 8, 2016 by Michael Light Miami Luxury Homes kicked off Art Basel weekend by attending the Urban Land Institute’s 2016 Miami Condo and Community Development Symposium last Wednesday at the newly-opened EAST, Miami Hotel in the one-and-only Brickell City Centre. Presented by Douglas Elliman, Coastal Construction and Bilzin Sumberg, the highly-powered symposium began with a breakfast and a meet and greet before opening remarks began and were followed by an overview of the condo market by Spencer Levy, Americas Head of Research, CBRE. Following the market overview, we had the pleasure of listening to the “Chairman Chat” which included Vladislav Doronin, Chairman & CEO of OKO Group who is currently developing the uber-luxe Missoni Baia in Edgewater and Howard Lorber, President & CEO of Vector Group AND Chairman of Douglas Elliman. Jane Wooldridge, Vladislav Doronin & Howard Lorber During the Chairman Chat, Mr. Lorber made some extremely great points that slightly snubbed the naysayers when he was asked about today’s real estate market and where the cycle is currently. “It’s like when you buy a stock for $10 and it goes to $100 then it goes down to $80…some would say you lost $20.” Great point…but shouldn’t you be happy that you actually gained $70 instead of looking at the negative? Further, Mr. Lorber said “It is the depressing economists that could kill this business for us. Why does anyone listen to economists, it’s only a degree, I heard that you can even get one online.” Obviously, he was jokingly taking a jab at economists but the crowd must have agreed since everyone burst out with laughter! But, all jokes aside, yes, the market is correcting itself and it isn’t the same as it was a year ago, but that doesn’t mean the sky is falling. Following the Chairman Chat, the symposium was filled with powerful heavy hitters from the South Florida real estate industry including panelists Ugo Colombo, Founder of CMC Group; David Martin, President & Founder of Terra Group; Moishe Mana, President of The Mana Group; Jorge Perez, Founder, Chairman & CEO of Related Group; Reid Boren, Managing Partner of Two Roads Development; Silvia Coltrane, CEO of Transacta Developers LLC; Neil Fairman, President & Founder of The Plaza Group; Inigo Ardid, Co-President of Key International; Ziel Feldman, Chairman & Founder of HFZ Capital Group; and Eliot Spitzer of Spitzer Enterprises. Panelists did recognize that the luxury market is slowing down, but Jorge Perez reiterated that the international demand for Miami condos is still in full effect, it’s just now there is more inventory to pick from. Suzanne Amaducci-Adams, Reid Boren, Silvia Coltrane, Ugo Colombo, David Martin & Neil Fairman Anthony Graziano, Inigo Ardid, Jorge Perez, Ziel Feldman, Eliot Spitzer & Moishe Mana Photo Credit: worldredeye
Aston Martin Residences In/Epic 2 Out On Miami River Site In Downtown Posted on October 31, 2016 by Michael Light Aston Martin, the ultra-high-end British sports car company, recently announced that it will brand its first residential tower in Miami by partnering with the Coto Family, the ultra-wealthy Argentinean developers, to launch a 66-story condo building dubbed the Aston Martin Residences. The Aston Martin Residences will be located at 300 Biscayne Boulevard Way along the Miami River in Downtown Miami on the former site of “Epic 2.” The 390-unit high design condo tower will offer 1 to 4 bedroom residences, along with 7 penthouses and a duplex penthouse with private pools and terraces. Stay tuned for floor plans! The Aston Martin Residences will boast interior spaces that will be uniquely designed by Aston Martin’s design team led by Marek Reichman who said that the company’s famous branding will touch everything from the door handle, to color palettes and reception desks, down to the stitching. The tower will also feature 2 private lobbies, 2-story fitness center, spa, infinity-edge pool on the 55th floor, screening room, British club and a yacht marina. The Aston Martin Residences is scheduled to break ground in summer of 2017 and estimated to be completed in 2021. If you, or someone you know, are interested in purchasing a luxury condo at the Aston Martin Residences in Downtown Miami, please contact Michael Light of Douglas Elliman. You may reach me on my cell at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. Aerial View Rendering of Aston Martin Residences
Miami Worldcenter Foundation Pour Set for 1:00 a.m. October 22, 2016 Posted on October 17, 2016June 25, 2021 by Michael Light Paramount Miami Worldcenter is scheduled to begin their concrete foundation pour at 1:00 a.m. this Saturday, October 22, 2016 and continue for 30 hours until around 7:00 a.m. on Sunday morning. Although Paramount Miami will not be hosting a formal event for the commencement of the foundation pour, brokers and buyers will be invited to Paramount’s viewing platform that will be located in the same spot where Paramount Miami held their demolition ceremony back in September of last year. Facts About the Paramount Miami Worldcenter Foundation Pour A 700-person work crew will work in 3 shifts over 30 hours. Supermix Concrete, which is Florida’s largest independent producer of concrete products, will utilize 100 concrete trucks delivering 1,300 ten-cubic-yard loads each trip. 120 yards of concrete poured every 6 minutes. Approximately 13,000 cubic yards of concrete weighting 52,000,000 pounds will be poured into the massive excavated hole for the foundation: 32,000 sq/ft by 9 feet deep and 10,500 sq/ft by 6 feet deep. Foundation measures 222 feet by 142 feet by 9 feet deep and 65 feet by 142 feet by 6 feet deep. The foundation is supported by 431 Augercast pilings: 30 inches in diameter and 142 feet long. Supermix Concrete will supply the concrete from 4 ready-mix plants located in Miami. Each plant has 2 batches. Steel sheet piling was utilized to brace the soil. 6 temporary wells drilled for dewatering system and more than 8 dewatering pumps have been working 24/7 for almost 5 months. Coastal Tishman will place 4,800,000 pounds of high-strength reinforcing steel in the foundation. 6 truck mounted concrete pumping booms located around the perimeter will place the concrete. 300 drivers working in 3 shifts will be needed for the continuous pour which will run approximately 30 hours. If you would like to learn more about Paramount Miami Worldcenter, the newest ultra-luxe condo project with unprecedented amenities located in the epicenter of Downtown Miami, please contact Miami condo specialist Michael Light. You may reach Michael at (786) 566-1700 or via email at info@paramountmiamicondos.com.