The Shore Club Residences in Miami Beach Lands $430M Construction Loan Posted on August 2, 2023 by Sarah Elles Boggs In a groundbreaking deal, The Shore Club Residences at 1901 Collins Avenue in Miami Beach has landed an incredibly difficult construction loan for their new waterfront super-luxury tower. The financing is provided by JPMorgan, according to a press release, and is valued at $430 million based upon developer reputations, buyer liquidity and sales. This is monumental as construction loans are incredibly tricky, especially as economy confidence wanes. This is further proof Miami’s unique blend of waterfront properties with superior designs and offerings, sweeping views and the lifestyle of luxury remains in-demand with the global elite. Rendering of The Shore Club Residences Terrace View With two thirds of the residences already in contract since sales began in early 2023, the 18-story development will be part of the Auberge Collection. Each of the 49 residences is completely unique. In the Shore Club Private Collection, there will be 44 condominium units along with a boutique hotel. Four of the properties are also one-of-a-kind as they are situated in the nearby Cromwell House and one is a more private stand-alone beach house. The 1939-built home whose complete renovation is also designed by RAMSA (Robert A.M. Stern Architecture) in collaboration with Miami-Based Kobi Karp Architecture. The remaining two will be penthouses, with details coming soon. Prices are placed between $6M-$40M and average at $20M. This works out to $5,000-per-foot, which will solidify buyers’ position in the new Billionaire’s Row of Miami Beach. Douglas Elliman is the exclusive broker for The Shore Club Private Collection. 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. Image credit: The Boundary Rendering of Shore Club Private Residences Miami Beach Architecture Rendering of Shore Club Private Residences Miami Beach Collins Rendering of Shore Club Private Residences Miami Beach Rendering of Shore Club Private Residences Miami Beach Location Rendering of The Shore Club Residences Kitchen Rendering of Shore Club Private Residences Miami Beach Kitchen Rendering of The Shore Club Residences Primary Bathroom
An Update On SHVO’s Redevelopment Of South Beach’s Historic Raleigh Hotel And Residences Posted on July 14, 2023March 8, 2024 by Sarah Elles Boggs Rendering of The Raleigh Miami Beach | Image Credit: DBOX for SHVO Coming off of a long and storied past, South Beach’s glamorous and historic Raleigh Hotel is poised for a new era. Under the direction of visionary developer Michael SHVO, the project has privately launched sales of the 44-unit Rosewood Residences at the Raleigh with a new two-story sales gallery on the property. The project, meant to breathe new life into the historic Art Deco District of Miami Beach, includes the Martini Bar and Tiger Room, as well as a private member’s club and a beachfront dining room along the 200+ feet of private beach that is associated with The Raleigh. Guests will enjoy a 60-room hotel in the historically redeveloped original structure of the hotel, and residents will have the new 17-story adjacent tower that houses 44 private residences. Rendering of The Raleigh Miami Beach Pool Area | Image Credit: DBOX for SHVO If The Raleigh’s redevelopment sounds familiar to you, it is because the project has been on a decade-long journey to its new era. Beginning in 2014, Tommy Hilfiger purchased the hotel with the vision of turning it into a private club. After a few years of turmoil between partners, differences in vision, storm damage to the jobsite, Hilfiger ultimately threw in the towel and sold the project to Michael SHVO in 2019. It was this point where the idea of the new 175-foot residential tower was born. Since 2019, SHVO and partners have been hard at work with the Miami Beach Historic Preservation Board, who approved the project in 2020 after some changes. The main factor that the preservation board had an issue with was the height of the project. SHVO had requested the residential tower to reach 200-feet high, but the community felt it was slightly too high and would negatively affect the design of the neighborhood. They settled at a slightly shorter 175-foot height and began putting together the specific offerings that the project would bring. “This fresh, historic restoration and renovation of The Raleigh joins a private beach club with a Latin beat and elegant residences of demure black, white and ivory. This mixture is the best Miami cocktail that I can imagine,” says project architect Peter Marino in a statement. Rendering of The Raleigh Miami Beach Historic Pool | Image Credit: DBOX for SHVO One feature that will be meticulously restored to its original grandeur is the iconic pool, which is known for its curvaceous design and tropical foliage. It was even honored as the most beautiful pool in America by Time Magazine. Bringing Rosewood Hotel Group into the project promises a seamless service experience for the global elite, whether they are guests of the hotel or in an ownership position in the residential tower. This is all executed under the elegance of Miami Beach’s early 1940’s-era. “At Rosewood, we are committed to preserving historical gems that truly embody their destinations, while also breathing new life into the properties,” says Sonia Cheng, Chief Executive Officer of Rosewood Hotel Group. “Our commitment to the local community is to ensure that The Raleigh honors its legacy for locals and visitors to once again relish this long-cherished property.” Historic Raleigh Hotel Miami Beach | Image Credit Samuel H Gottscho from the Gottscho Schleisner Collection in the US Library of Congress The new tower’s façade, inspired by Marino’s architectural commissions for Chanel, features white columns and black mullions while prioritizing floor-to-ceiling windows for maximum light, air and ocean views. The residences are accessible via private porte-cochere and two dedicated residential lobbies featuring art and furnishings curated by Marino. Prices of Rosewood Residences at The Raleigh are being kept private and detailed presentations are offered by invitation only. Rendering of The Raleigh Residences Miami Beach | Image Credit: DBOX for SHVO Disclaimer: Information within this article was obtained from a Press Release by the developer. Information herein is believed to be accurate, is for informative purposes only and should not be relied upon.
Just Released | Penthouse West At The Perigon Miami Beach | Offered At $37M Posted on May 13, 2023May 13, 2023 by Sarah Elles Boggs As we mentioned this week, residences at The Perigon are receiving commitments at a brisk pace. Typically, developers do not release penthouse residences until almost all of the standard residences have been placed under contract. Today, we are excited to have insider details of the very special “Penthouse West” at The Perigon Miami Beach. There is always competition between developers to bring the most spectacular piece of real estate to market, and Mast Capital in partnership with Starwood Capital are certainly making a point with Penthouse West. The duplex residence is the first penthouse to be released and is offered for $37 million. It spans the 16th and 17th floors of the 18-story tower with 5,685 interior square feet and a jaw-dropping 6,487 exterior square feet. One of the distinguishing characteristics of the residence is the indoor/outdoor lifestyle offered. Each of the four bedrooms enjoys its own private terrace in addition to the grand 80-foot by 80-foot outdoor living area that includes a 30-foot infinity pool. The outdoor spaces are landscaped by Gustafson Porter + Bowman, the firm responsible for the greenery at the Eiffel Tower. The Perigon Miami Beach Penthouse West Terrace at Dusk Aside from the private pool, the grand outdoor living area also offers a sundeck, a full outdoor kitchen as well as a dining area suitable for small gatherings or larger events. No matter where you stand in the residence, you enjoy sweeping views of the Atlantic Ocean, the beach or the glittering skyline of mainland Miami. “Penthouse West was perhaps the best opportunity for us to take advantage of The Perigon’s rare location for dual waterfront living in Miami Beach,” Jason Long, partner at OMA, told The Robb Report. “We created a tower that maximizes ocean views to the east and city skyline views to the west, while also preserving the intimacy of a single-family home. The penthouse’s residents will appreciate its expanse of indoor and outdoor space layered into two floors as well as its double-height living areas filled with natural light.” The Perigon Miami Beach Penthouse West Floor Plan (First Floor) The Perigon Miami Beach Penthouse West Floor Plan (Second Floor) Entering the private residence in the sky through private elevators, guests are in awe to experience an expansive entertainment area with a dramatic 22′ double-height ceiling surrounded by floor-to-ceiling glass. The integrated kitchen hides a walk-in pantry and Sub-Zero and Wolf appliance suite that are broad enough to prepare a catered meal for a large event. The interiors are the brainchild of Tara Bernerd, who is known for her ultra-luxury projects and compliment those of the amenity levels and other residences in the project. She used organic fabrics with a white chocolate palette, with materials like Italian walnut, European white oak and honed white marble. The Perigon Miami Beach Penthouse West Kitchen As mentioned above, each of the bedrooms includes a private terrace space, walk-in dressing rooms and ensuite bathrooms with dramatic soaking tubs. There isn’t a space in the residence that isn’t filled with light evocative of a resort you might see on The White Lotus. Outside of Penthouse West, owners will enjoy over 20,000 square feet of private amenity spaces including but not limited to the residents-only restaurant and speakeasy by the Michelin-starred Shaun Hergatt. There is also an elegant al fresco dining option near the pool, overlooking 200 linear feet of private beach that is staffed for owners and guests only, a terraced fitness center, sunrise lounge for breakfast and more. With Miami Beach in the world’s eye, the global elite are in need of trophy residences such as this and we are excited to bring it to market. If you are interested in being considered for a private presentation of Penthouse West at The Perigon Miami Beach, please contact Michael Light, Broker and Executive Director of Luxury Sales at Douglas Elliman to discuss pre-qualification requirements. You may reach Michael directly at (786) 566-1700 or via email at michael@miamiluxuryhomes.com. The Perigon Miami Beach Penthouse Terrace Renderings courtesy of The Perigon Development Office
The Perigon Miami Beach Unveils Interiors and Finishes by Tara Bernerd & Partners Posted on July 21, 2022July 22, 2022 by Sarah Elles Boggs The Perigon, which stands to rise at 53rd and Collins Avenue in Miami Beach, has released the finishes and interiors chosen by the world-renowned designer Tara Bernerd. This is the only pre-construction ultra-luxury project currently offered on the beachfront in Miami Beach, which promises to be the pinnacle of luxury and sophistication with just 84 residences over 17 floors and a vast array of amenities, which we announced this spring. For those who are unfamiliar, Tara Bernered is a London-based designer who is internationally renowned for her work in luxury hotels such as the Four Seasons and Rosewood Hotels as well as private residences and yachts. Before branching out on her own in 2002, she was a fixture with Phillippe Starck’s Yoo brand. For The Perigon, she has been inspired by the tranquil location with both ocean and intracoastal views. The organic vibe of the project emulates a five-star resort on the French riviera. Rendering of The Perigon Miami Beach Sitting Room Inside the Residences Buyers will be able to choose from different color palettes, each with finishes that draw from the surrounding coastal environment with natural light, and private outdoor spaces with elegantly-appointed interiors. The finishes include a mix of stone, glass and wood to create dimension and texture, with organic fabrics and tailored weaves to bring out the feeling of the French riviera. The Italian cabinetry is custom-designed by Tara with a choice of French White Oak or Canaletto Walnut. The appliances feature custom SubZero refrigeration and wine coolers with integrated panels and Cove dishwashers, also with integrated panels. The 5-burner gas cooktop, oven, convection oven and steam oven are all Wolf. “Combining Tara’s extraordinary talent with the genius of OMA’s architecture and Gustafson Porter+Bowman’s landscaping has differentiated The Perigon in the market,” said Camilo Miguel, Jr., CEO of Mast Capital. “The Perigon captures attention to detail in a way that is unmatched for the area, and there is no better representation of that than in the rich amenity spaces. Through her timeless aesthetic and European sensibility Tara has created a true sanctuary in Miami Beach.” Rendering of The Perigon Miami Beach Kitchen Inside the Primary Suites The primary suites will feature midnight bars with bronze fluted glass backsplashes and SubZero refrigerators. Owners will enjoy sweeping views of the beach, ocean and the intracoastal waterway with Miami’s glittering skyline as a background. In the bathrooms, owners will find a sumptuous spa-like environment adorned with marble and dark bronze fittings. East-facing residences have soaking tubs that overlook the shoreline and west-facing residences have a bathtub view of the skyline with dramatic floor-to-ceiling windows and tall ceilings. Rendering of The Perigon Miami Beach Primary Bath Residences at the boutique building range from 2,100 square feet to 6,700 square feet and are priced from $4 million. A collection of guest suites is also available for those who have frequent guests or live-in help. Douglas Elliman is the exclusive broker for The Perigon Miami Beach. If you are interested in a private presentation of the project, with specific pricing, 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 Perigon Miami Beach | Rem Koolhaas’ OMA Brings Sophistication Back To Millionaire’s Row Posted on March 16, 2022March 25, 2022 by Sarah Elles Boggs One of the most endearingly controversial and highly-acclaimed architects in the world is bringing a new level of sophistication to Millionaire’s Row in Miami Beach. Rem Koolhaas’ OMA (Office of Metropolitan Architecture) has unveiled plans for The Perigon Miami Beach. Comprised of just 82 signature residences, which includes 9 luxury guest suites for friends & family, right on the pristine Miami Beach sand, a new level of design and services are anticipated. Mr. Koolhaas is a Dutch architect, architectural theorist and urbanist and Professor in Practice of Architecture and Urban Design at Harvard University’s Graduate School of Design. Oh, and he also won the Pritzker Prize in 2000…no biggie. You can see some of his other work in Miami at Park Grove in Coconut Grove, as well as the Faena Forum, which was featured in Architectural Digest. Rendering of Perigon Miami Beach Pool and Cabanas For The Perigon Miami Beach, an even higher level of service is expected. Located at 5333 Collins Avenue, just blocks away from the highly successful, and fully sold out, 57 Ocean development, Perigon Miami will offer a host of services to residents and guests including 24-hour security, doorman and valet, on-site general manager, dedicated lifestyle concierge, residential butler service and use of a luxury house car. The ground level will house a signature restaurant that offers in-residence dining and catering. Home management services will also be offered that include cleaning, maintenance, floral upkeep and pantry stocking. Beachgoers will enjoy 200 linear feet of pristine private shoreline, also serviced through the signature restaurant. Each of the 82 homes will have direct-water views of the Atlantic Ocean. Units will range from two to four bedrooms and 2,100 to 6,700 square feet, excluding penthouses. Every condo will have a private elevator, 10-foot ceilings with floor-to-ceiling impact windows and linear cove accent lighting. Overlooking the ocean, the terraces have been generously designed, and will offer 10 to 12-foot deep plans for a seamless indoor/outdoor lifestyle. Rendering of Perigon Miami Beach Terrace Gardens The kitchens are slated to be decked out with honed marble countertops, backsplashes and islands with Sub-Zero and Wolf appliance suites. Each bedroom will offer at least one walk-in wardrobe and the primary bathrooms will feature natural stone flooring and wet walls, custom bathtubs and bespoke mirrors and light fixtures. Aside from the fully serviced beachfront access, the boutique development also will feature a beachside pool with an outdoor spa that includes sunbeds and cabanas…this is Miami, after all. Be chic or go home. Or be chic at home. Whatever, I digress… In the mornings at The Perigon Miami Beach, residents may enjoy a daily breakfast bar in the conservatory or book a custom brunch in the sunrise lounge. In the evenings, the cocktail lounge, wine room and speakeasy will be available for a little happy hour or after-dinner libations. Rendering of Perigon Miami Beach Pool Restaurant View For those residents who have guests, the development will offer 9 luxury guest suites with the same services as the main residences. There will also be a screening room, playroom for the children and a private salon with personalized beauty services. Douglas Elliman is the exclusive broker for The Perigon Miami Beach. If you are interested in a private presentation of the project, with specific friends and family (1st tier) pricing, 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. Collaborators of The Perigon Miami Beach Architect: OMA – Office of Metropolitan Architecture, Founded by Rem Koolhaas Developer: Mast Capital & Starwood Capital / 5333 Collins Acquisitions, LP Interiors: Tara Bernerd & Partners Landscaping: Gustafson Porter + Bowman The Perigon Miami Beach Features & Amenities 18-story oceanfront condo designed by highly-acclaimed architecture firm OMA Gold level LEED building certification Comprehensive amenity program for residents offering the best of beachfront living 200 expansive linear feet of beachfront Direct entry to the dedicated beach, equipped with lounge chairs, umbrellas and service Beachside swimming pool with cabanas and sunbeds Outdoor spa Pool and beach food and beverage services Signature oceanfront restaurant by a celebrated chef, exclusive to residents Sprawling conservatory offering daily breakfast bar Chic cocktail lounge and speakeasy Dramatic double-height lobby with lounge area Sunrise lounge with catering kitchen for entertainment and private events Private spa with saunas and treatments rooms High-tech fitness center with high-impact training room overlooking the Atlantic Ocean Bespoke wine room Residents’ salon for personalized beauty services Cinema Kid’s playroom Meditation lounge areas and intimate gardens overlooking the ocean 9 Luxury guest suites for family and friends Bicycle storage Services at The Perigon Miami Beach Residential butler Dedicated lifestyle concierge 24-hour security and valet parking House car On-site general manger In-residence dining and catering from the signature on-site restaurant Pool and beachside food and beverage services Home management services from cleaning and maintenance to floral and grocery stocking The Perigon Miami Beach Condo Features 82 signature OMA-designed residences, including 9 guest suites 2 to 4-bedroom layouts ranging in size from 2,100 to 6,700 square feet Direct, private elevator entrances to each residence 10-foot ceilings with floor-to-ceiling windows Private 10 to 12-foot-deep terraces offering stunning ocean views Open-concept living, dining and entertaining areas perfectly accented with linear cove lighting Italian kitchens custom designed by Tara Bernerd & Partners Kitchens feature honed marble countertops, backsplashes and islands and premium Sub-Zero and Wolf appliances Primary bathrooms boast natural stone flooring and wet walls, custom bathtubs, bespoke mirrors and light fixtures Each bedroom offers walk-in wardrobes Deposit Structure for The Perigon Miami Beach 10% of Purchase Price at Reservation (Now) 10% of Purchase Price at Contract (Approx. 60-90 days after Reservation) 10% of Purchase Price at Groundbreaking (Est. January 2023) 10% of Purchase Price at Top Off 60% of Purchase Price at Closing (Est. Q2 2025) Downloads for The Perigon Miami Beach The Perigon Miami Beach – Fact Sheet The Perigon Miami Beach – Keyplan (Lobby Level & Resident Amenities) The Perigon Miami Beach – Keyplan (Second Level & Lifestyle-Wellness) The Perigon Miami Beach – Floor Plans (3rd Floor) The Perigon Miami Beach – Floor Plans (4th – 10th Floors) The Perigon Miami Beach – Floor Plans (11th – 15th Floors) Rendering of Perigon Miami Beach Spa Rendering of Perigon Miami Beach Gym Rendering of Perigon Miami Beach Pool to Ocean View Rendering of Perigon Miami Beach Condos and Garden Path Rendering of Aerial View of Perigon Miami Beach