Take a Virtual Drive at Estates At Aqualina Sunny Isles with the F1 Simulator

By Sunny Isles Real Estate Expert on February 11th, 2016

Estates at Acqualina Sunny Isles

When it comes to luxe condo towers, there are few things you cannot find. For example, in New York, you can find an “ice room,” where it actually snows inside, as well an apartment with a view of Carnegie Hall where the music has been piped into the water, allowing swimmers to hear it even when underwater. However, New York is not the only place where you can enjoy over-the-top, yet impressive, amenities.

Upscale Amenities for Upscale Living

At the amenities villa, which is part of the Estates at Acqualina – see site here, in Florida, a Formula 1 simulator has been installed that has a price tag that tops some houses. At an acquisition cost of $140,000, this simulator will not be available for use by villa residents until the third quarter of 2019, when the building is projected to be completed.

With this simulator, buyers into the Estates at Acqualina can drive any F1 race car in the entire world. CXC Simulation materialized this simulator, which allows users to choose a Formula 1 racetrack from around the world, as well as the car they want to drive. This is a unique experience that is (currently) not offered to the general public.

Other Impressive Amenities at Sunny Isles Tower

This simulator will be housed in the 45,000 square foot building that is going to have a number of other amenities, as well, such as a kid’s playroom, billiard room, movie theater, golf simulator, bowling area and indoor ice skating rink. It will also feature a Wall Street trader’s club room. The villas found in the Miami Beach area are more than posh, they are designed to attract the elite who are looking for all the best in where they call home.

The entire Villa Acqualina project encompasses 5.6 acres and has about $450 million is sales currently, with a sellout price of $1.8 billion. With the building not being scheduled for completion until 2019, the current sales represent 25 percent of what is available. This development, which sits right on the water, will be 50 stories high and include 264 individual units that range in price from $3.9 million to $40 million.

The Growing Trend of Unique Real Estate in SoFla

This is one of the handful of projects that is offering much more than just the typical amenities in the Miami Beach area. With the real estate market currently growing steadily, new construction of towers, such as this, are popping up all along the Atlantic coast.

While they all offer amenities such as a fitness facility and swimming pool, you also have more posh amenities such as private theaters, cigar rooms, Hammam spas and even soccer fields – the options are vast and diverse. In the North Miami Beach area, developers have even started creating an aromatherapy trail, which has a number of soothing and relaxing plants, including eucalyptus and chamomile, which is ideal for soothing and restoring the body and mind.

Designer and architect Piero Lissoni has also designed an in-house art studio for the future residents of the Sunny Isles Beach Ritz-Carlton.


Jade Signature Offers Exclusive Sky Villas for Upscale Living and Million Dollar Views

By Sunny Isles Real Estate Expert on February 8th, 2016

Jade Signature Sunny Isles

More and more of the affluent and elite are making their way to Sunny Isles Beach to experience the exclusive resort atmosphere, vast amenities and privacy offered. While Edgewater and Brickell have begun to come alive in the past few years, Sunny Isles luxury condos has led the pack with regards to new construction projects and is now considered the fastest growing city in the entire Miami-Dade area. Property values have also seen a surge, up by 16.7 percent.

Under Construction in SoFla

In 2014, there were eight total residential projects, comprised of 1,196 individual units approved for construction. This approval included Jade Signature – see the site here. There were five additional projects that started in 2015, or soon will begin, as well. There are already three different Sunny Isles towers completed, which included Chateau Beach Residences, Regalia, and the Mansions at Acqualina.

Currently, the construction of the Fortune International’s upscale condo tower, named Jade Signature, have reached its 30th story. When complete, this complex which was designed by Pierre de Meuron and Jacques Herzog will be 57 floors tall. Apparently, there have been no delays or issues in the construction schedule.

The sales for the sky villas, which offer from 6,300 to 6,700 square feet (interior) start at approximately $13 million. There are also two 9,000 (or more) square foot penthouses, above the sky villas that were designed by Pierre-Yves Rochon, which will be the last to be completed.

The Sky Villas – A True Work of Art

While it is a bit cliché, this building is being considered a work of art, in an area of the country where the metropolis is becoming more and more art-conscious. Some of the signature items featured in the architecture of this building include concave and convex balcony columns, which disrupt all the repetition of the other condos in the area.

The sales for these sky villas are actually a couple of floors ahead of the progression of construction, with the villas being the first offered on the market. While each one is similar in some aspects, they all have different floor plans. In order to help and make up for the additional benefits of end units, there are two in the middle feature a huge 3,900 square feet balcony. It is these expansive balcony areas, as well as the walls that are entirely composed of glass that the translucence of the building will be able to be seen clearly.

Exciting Features to Expect

Another appealing feature of this building is the two penthouses, which make up entire floors and are found on the 55th and the 56th floors. The upper unit extends up to a small second level on the second floor and further separated into west and east bedroom wings. Both of the penthouses offer 5,200 square feet of total terrace space and the actual cost of living in these expansive penthouses has not yet been released.

These homes provide views of the Atlantic Ocean that are truly breathtaking and that make living in Jade Towers – on any level – extremely appealing.


Apogee: Defining South Beach Luxury

By Sunny Isles Real Estate Expert on February 6th, 2016

Apogee South Beach condo for sale

Apogee may be the pinnacle of luxury living in South Beach (click to see the website). The development of this newest addition to the South Pointe Drive in the prestigious South of Fifth neighborhood was only completed in 2008, and it offers the some of the most modern design and architecture in this stunning district. In addition to its remarkable aesthetic, Apogee features world-class luxury amenities, exclusivity, and gorgeous, sweeping views from your own living room.

Dazzling Design

The modern exterior and dazzling interior of Apogee are the result of a winning collaboration between some of today’s most renowned artists and design firms. The award-winning Sieger-Suarez Architectural Partnership is responsible for some of the most inventive, trendsetting architecture in South Florida and elsewhere. The partnership has designed several neighboring luxury high-rises, and continuously manages to outdo itself with a fresh, imaginative approach. In addition, the interior design was handled by Yabu Pushelberg, who has earned decades of nation-wide acclaim and respect for breathtaking interiors. The building also features artwork from Jose Bedia, a Miami-based, Cuban-born artist who contributed significantly to the tasteful luxury of the Apogee experience.

Privacy & Exclusivity

Apogee’s astonishing 22 stories contain only 68 luxury residence spaces. Needless to say, very few people gain the selective opportunity to lead a life in an Apogee luxury condominium or penthouse. Every unit features interactive smart panel controls and private elevator access with keyless fingerprint door entry. Finally, Apogee is staffed with 24-hour front desk and security personnel for protection and peace of mind.

State-of-the-Art Amenities

Apogee South Beach residents have access to luxury amenities that will rival those of any development in South Florida. Each condo features an oversized balcony terrace with an outdoor kitchen; privacy-tinted, floor-to-ceiling impact hurricane windows; subzero refrigerators; and wine storage. For convenient fitness and rejuvenation without even leaving the building, residents can visit the amazing spa and fitness center. For recreation, socializing, and heightened relaxation, Apogee boasts an infinity-edge pool set in a lush garden environment, and the building also offers an open-air party pavilion for larger gatherings. The convenience doesn’t stop there – you can also take full-time advantage of complimentary valet parking, a 24-hour on-site concierge, and on-site management to quickly address and resolve any concern you may have.

Glorious Location

There are reasons that South of Fifth luxury living is in such high demand, and Apogee maximizes the enjoyment of this remarkable location for its residents. Each unit offers panoramic views of the South Beach waterfront, the beautiful Fisher Islands, and a view of the city, utilizing a flow-through design and floor-to-ceiling windows to provide equally stunning views to the four units on each floor. If residents need to accommodate a boat up to 250 ft. the building is within walking distance of the Miami Beach Marina.

Apogee is more than just a living space – it’s meant to inspire and to define a lifestyle. Your new life starts here, in perhaps the most sought-after neighborhood in one of the nation’s most beautiful, sun-kissed locations.


South Florida Real Estate Trends: What to Watch for in 2016

By Sunny Isles Real Estate Expert on February 2nd, 2016

Miami real estate for sale

In virtually all industries, January is the time to look into the future and make a prediction regarding what the next 12 months has in store. This allows businesses and industry leaders to take the right steps so they can capitalize on the trends that are anticipated.

If you are interested in the South Florida real estate market (view website here), then the trends to watch for in 2016 that are highlighted here.

The Rental Market will Start to Stall

After the 2007 crash of the condo market in South Florida, one of the main benefits that residents saw was cheap rental rates. This was the result of easy financing and overbuilding. At that point in time, owners of new construction were converting condos and slashing lease prices to help and attract tenants, which would generate more revenue. When the units were inhabited, the economy began to stabilize.

This also resulted in landlords increasing prices at an aggressive pace to get back some of the money that was lost. The higher rental rates that are now seen in South Florida have resulted in quite a bit of new construction in 2015 and this is a trend that is going to continue for, at least, the next three years. With more rental units available, it will likely mean lower costs for rent in the near future unless the economy in South Florida adds an industry that will result in higher paying jobs.

Increase in Real Estate Commissions

Due to the supply of resale and preconstruction condos in Miami being high, developers are at a point where they need and want to sell the planned and existing units. The last element that most are willing to revise is the price. Watch for commissions in the real estate market to increase in 2016 thanks to an early attempt to sell the units prior to having to reduce prices.

Cancellation of Proposed Projects

Since the current real estate cycle started in 2011, the plans for almost 20 new condo towers in South Florida, which hold over 2,800 units have been changed. These are projects that were revised for a number of different reasons, which range from the changing market conditions to the developers being able to flip the land to get a big return.

Chances are there are going to be more proposed projects that will pivot if they do not meet the pre-sale requirements.

Financing for Mortgages is Increasing

The current real estate cycle in South Florida has mainly benefited because of the cash investors that are coming in from out of town and buying up the property with the intention of renting them out to the local residents who are unable to purchase due to financial limitations.

The main question that needs to be answered is whether or not 2016 is going to be a time of transition to a period of slower growth for the real estate market in South Florida.


December saw Impressive Home Price Growth for Miami & South Florida Real Estate

By Sunny Isles Real Estate Expert on January 28th, 2016

Miami real estate for sale

While the residential real estate market in South Florida is experiencing a slight battle with the global economic crisis, this has not put a damper on housing prices in the region. These prices are steadily appreciating and there is no end in sight for this upward trend.

The prices for Miami and South Florida homes grew by 8.1 percent year over year in November. This data was gathered from a report published by S&P/Case Shiller.

In Palm Beach County, the median price for pre-existing single-family homes hit $305,000, which was an 11 percent increase from the previous year, even more than the average of 8.1 percent. However, there were several other areas that saw this kind of growth, as well. Broward County had a median home price that was also $305,000, which represents a seven percent increase from the prior year. This was the first time that either of these county’s crossed the threshold of $300,000 since over the summer.

Faster Growth in SoFla

This means that the tri-county area saw a faster pace of price growth than almost all of the remainder of the United States. In fact, the only areas that were ahead of South Florida were Dallas, Texas at 9.4 percent, Seattle, Washington at 9.7 percent, Denver, Colorado at 10.9 percent, San Francisco at 11 percent and Portland, Oregon at 11.1 percent.

It is not the entire economy that is suffering. In fact, the consumer portion, which includes automobile sales and housing, was actually quite strong in the previous year. In fact, this improved economy has provided homebuyers with the confidence necessary to actually enter into the market; however, there are some who have been less than overjoyed with the options available, specifically in the range of $150,000 to $400,000 homes. Thanks to strong sales in the past few years, a large number of listings have been depleted all throughout the region. The current owners are still unable or unwilling to test the market, with some not understanding what they could actually get for their home currently.

Economic Struggles in Miami

However, other parts of the economy are not doing quite as well. For example, businesses in the energy and oil sectors have begun to suffer from the significant drop in oil costs over the past 18 months. The strong buying power of the U.S. dollar is also resulting in slower exports. Unfortunately, the housing market is not big enough to help and offset these weak areas.

In December, the national housing market also saw a number of similar gains. In fact, prices increased by 5.3 percent year over year, which accelerated quite a bit from the 5.1 percent jump seen in October.

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Sky Club Slated for Curation by Hotelier Adrian Zecha

By Sunny Isles Real Estate Expert on January 26th, 2016

Miami real estate

Adrian Zecha, a prominent Indonesian hotelier, will be the curator of an exclusive Miami members-only club that he himself designed. The club is being integrated into the construction of two ultra-luxurious condominium buildings on the Miami River, impressive 60-story towers called One River Point that are being developed by KAR Properties.

Luxury Club: Extreme Edition

The club promises to be over the top, calling to mind the days of the Bath Club and the Miami Club, representing a modernized take on hotspots like Caribou in Aspen and London’s Soho House. One caveat though – if you’re afraid of heights, this probably won’t be the place for you. The three-story Sky Club will be perched inside a glass sky bridge between the two condo towers, housing 35,000 sq. ft. of pure luxury.

Among the indulgences planned for the Sky Club:

• Two indoor/outdoor restaurants
• Cigar lounge
• Craft cocktail bar
• Wine cellar with tasting room
• Library
• Media Room
• 10,000 sq. ft. terrace and garden
• Chef’s kitchen

As for the condos themselves, One River Point will feature 350 units that run between a paltry $850,000 and $12 million, with penthouses costing even more. Residents of the condos will be have the choice to become automatic members of the Sky Club, and outside applicants will also have a chance at membership.

The Developers and a New Miami Vibe

Zecha and KAR Properties seem to be the perfect match for this project. Zecha, founder of the upscale luxury resort chain Amanresorts International, is credited with being a major player in the boutique hotel craze. KAR, owned by Shahab Karmely, has extensive property holdings in Southeast Asia, Europe, and the United States, but One River Point marks the company’s first South Florida project.

The choice of site for the condos and club may seem like a curious one, but it’s all part of a shift in South Florida from beach luxury living, to urban extravagance. The Sky Club represents a conceptual return to Miami’s lively past, when such exclusive clubs were havens for the elite to rub shoulders and party heavily. The developers see this as an updated, full-service facility that can offer members the extravagant, intimate feel of clubs past, along with functional amenities like a business center.

Raphael Viñoly, known by the coy, trendy term “starchitect”, is the mastermind behind the design of the condo buildings, adding to the allure and exclusivity of the entire project. One River Point will sit on the north bank of the Miami River, west of the Miami Avenue Bridge. Construction is slated to begin late 2016 and wrap up about two years later.

KAR isn’t alone in its quest to attract buyers using ultra-premium urban luxury living. Other developers are riding the wave, including Jules Trump (no relation to Donald) who has announced plans for a 45,000 sq. ft. entertainment compound called Circus Maximus. The complex will be located at the Estates at Acqualina, Sunny Isles.


Former SoFla Landfill to House Luxury Complex with Crystal Lagoon

By Sunny Isles Real Estate Expert on January 21st, 2016

sole Mia Miami

Developers LeFrak and Turnberry Associates, who are teaming up on a $4 billion North Miami mixed-use project called SoLē Mia Miami, have enlisted the services of a Miami-based company to install a 10-acre patented Crystal Lagoon. This will be not only the first Miami project for the company (called Crystal Lagoons) but it will also be South Florida’s very first lagoon as well. According to Crystal Lagoons, the developers will also be able to have an additional lagoon installed at a later date – on the same site – if they so choose.

The Project’s Twists and Turns

The 183-acre SoLē Mia Miami, located between Northeast 139th and 151st Streets, is situated on one of SoFla’s biggest undeveloped property parcels east of Biscayne Blvd. The mammoth project is zone to include 4400 residences, an upscale bowling and entertainment facility, over 35 acres of community parks/recreation as well as luxury dining, shopping, and commercial space.

Biscayne Landing used to be a landfill, and has been languishing for years following a failed attempt in the 2000s to bring it back to life. Boca Developers bought Michael Swerdlow’s stake in the project in 2005. Unfortunately the real estate market and Wall Street tanked before they could get the project going. Swerdlow partnered with LeFrak in 2012 to pump new life into the project, planning for a 16-year construction span. Turnberry Associates joined the other developers earlier this year.

sole Mia Miami Condos

High-Tech Lagoons

Technology used by Crystal Lagoons US Corp. facilitates the construction and maintenance of a virtually unlimited size of lagoon, according to the company’s CEO Uri Man. Disinfection pulses necessitate the use of 100 times fewer chemicals than traditional swimming pools, in addition to an ultrasonic filter system that uses up to 50 times less energy than traditional pool filtration.
The company literally transforms any environment into a blue-watered beachfront that allows for almost any typical waterfront activity – swimming, sailing, windsurfing, kayaking, the lagoon adds luxury waterfront living to virtually any location. Says CEO Man, “Our lagoons are really transforming the lifestyle of these communities with access to the beach.”

SoLē Mia Miami’s lagoon will be between six and 12 feet deep. According to Man, the lagoons offer real estate developments an increase in pricing, higher rents, higher sales velocity, and in some cases can even turn a non-viable location into a perfectly viable development site.

Lucrative Lagoons

San Alfonso del Mar in Chile was the site of the very first Crystal Lagoon, constructed in the late ‘90s. Now patented all over the world (160 countries to date), the company has an impressive portfolio containing upwards of 300 lagoons in 60 countries including Egypt, Thailand, Brazil, Saudi Arabia, Mexico, Paraguay, Argentina, Colombia, Uruguay, Indonesia, and of course the United States.

Crystal Lagoons has 35 projects under negotiation in the United States, with a total value of $20 billion. In addition to the SoLē Mia lagoon, they are also partnering with Tavistock Development Group in Orlando, Tampa-based Metro Development Group, and others in Arizona, California, Hawaii, Nevada, and Texas.


Donald Trump Ranks High in the Forbes Magazine

By Sunny Isles Real Estate Expert on January 19th, 2016

Donald Trump Miami real estate

The latest annual release of the Forbes 400 list of America’s richest people of course features plenty of major players in real estate – one of whom, not surprisingly, is a certain presidential candidate whom almost everyone recognizes by his hairdo alone.

Who’s Who

Bill Gates again laid claim to the number one position, for an impressive 22nd year in a row, coming with a whopping net worth of $76 billion. The real estate game is no slouch on the list, however, and Donald Bren – the chairman of Irvine Company, based in Southern California – is one of the highest ranked. He comes in at number 30, touting a net worth of $15.2 billion.

Stephen Ross, the founder of upscale development firm Related Co., ranks as not only the richest New York-based developer but also second in line of the major players in real estate. $6.7 billion earned him the number 71 spot on the Forbes 400 list. Another prominent player in the real estate development arena is Igor Olenicoff of Lighthouse Point properties in South Florida, who ranks 164th with his $3.6 billion net worth.

SoFla Developers Hold Their Own

Olenicoff isn’t the only developer from South Florida making a name for himself on the list – Richard LeFrak, founder of the LeFrak company, came in at number 76 with a net worth of $6.1 billion. Related is again represented in the list by Jorge Perez, the chairman and CEO of the firm, at $3.5 billion and the 171st spot. Palm Beach boasts Jeff Greene, self-made billionaire, at number 194 and $3.3 billion in worth.

While these richest of the rich real estate moguls are certainly no slouches, it’s tough to get much more high profile – developer or not – than presidential hopeful Donald Trump. The head honcho of the Trump Organization’s $4.5 billion net worth earns him number 121 on the Forbes list. The Donald’s fortune and place on the list, coupled with his White House run, has been such a buzzing topic of late that Forbes dedicated an entire fifteen-page cover store to him this fall, titling the piece “What’s Donald Trump Really Worth?”

What’s $6 Billion?

The true numbers of the mogul’s net worth are a matter of some debate. While the distinctively coiffed candidate declared a net worth of more than $10 billion on the financial disclosure documents that all presidential hopefuls must file, a Bloomberg analysis this past summer claimed that the Donald’s true worth was closer to $3 billion. Trump’s real estate holdings were of course cited as the source of the majority of that fortune.

What did the man himself have to say about this discrepancy? In true bold, unapologetic Trump fashion, he told Forbes “I look better if I’m worth $10 billion than $4 billion.”
How the American public feels about that brazen attitude will become apparent as the election process plays out over the next year. Win or lose, Trump will have no shortage of dollars to comfort (or congratulate) himself with.


Another Harsh Winter for Northern Cities?

By Sunny Isles Real Estate Expert on January 15th, 2016

NY Cold

Once again, winter is gearing up to bear down on New York, Boston, Chicago, and other cities in the northern states that were hit hard in early 2015. Of course, everyone is talking about El Nino and hoping that, as this warm Pacific current begins to strengthen, these beleaguered areas will get a break this winter season. Winters are never pleasant in the northern states, but the El Nino influence should make the winter of 2015-2106 at least tolerable, right?

Maybe not. The thing is, there are other currents to think about besides El Nino. Right now, there is a pocket of persistent cold in the North Atlantic, just south of Greenland, and according to The Roanoke Times, it’s causing some scientists to become concerned.

Day After Tomorrow

Perhaps you saw the movie The Day After Tomorrow. Or you may have taken the critics’ advice and taken a pass. It was released in 2004, and the plot was based on the idea of global warming causing a sudden ice age. Of course, nothing that dramatic is about to happen (not this year, anyway!), but scientists are closely monitoring the melting polar ice caps, and are concerned that they’re delivering an excess of cold, fresh water into the Atlantic Ocean, affecting its salinity and slowing down the Gulf Stream, which is what delivers warm water into the North Atlantic. They’re calling this phenomenon a “Day After Tomorrow” scenario.

For practical purposes, what does all this mean? In a nutshell, El Nino notwithstanding, it means that the northern states could get a winter just as bad as last year’s, or worse. It also means that colder winters can be expected to last for decades.

Summer? What Summer?

It’s not just a matter of harsh winters, either. With the cold pool in the North Atlantic, we shouldn’t assume that summers are going to get much better than this past one. Remember how cool the mornings were? And the days in August that barely made it to 70 degrees?

Even New Yorkers Have Had Enough

New Yorkers are known for their ability to roll with the punches, taking whatever man or Mother Nature chooses to throw at them with equanimity, but a New York Daily News article this past March reported that many New Yorkers have had enough, and are moving to Florida in droves. Miami is a highly popular destination, and many New York realtors are now partnering with brokerages in Miami in order to help New Yorkers relocate. It’s not just the old folks, either – more than 78% of those relocating are under 60.

Conclusion

As El Nino punches warm air into Alaska, and this combines with the cold patch in the North Atlantic, the northern states could end up having a winter that’s just as bad as last year’s, or even worse. Of course, it’s hard to predict winter weather – that’s why we were all so surprised last year. One thing is for sure, though – Miami winters are always pleasant. With today’s trend toward teleworking, you might consider a permanent relocation. Alternatively, if you’re not ready to relocate permanently, a vacation home in Miami could be the perfect place to spend the winter months.

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Related Gets the Green Light for Miami Condo Project

By Sunny Isles Real Estate Expert on January 9th, 2016

Miami real estate

Right before the end of 2015, the Urban Development Review Board in Miami approved a three-tower project designated for mixed use; the project is located at 1400 Biscayne Blvd. and is being developed by Related Group – one of the largest real estate groups in America and a leader in sophisticated metropolitan developments. Related is known for having a major impact on South Florida’s landscape, and in its more than three decades of operation has built, rehabilitated, and managed nearly 100,000 upscale as well as affordable condos and apartment homes.

The Review Board was unanimous in its approval of the Group’s proposed design waivers for Auberge Residences Miami, a nearly three acre project. The requests included a reduction in the amount of parking because Auberge’s site sits in close relation to two Metromover stations, as well as an increase in the number of service vehicle loading berths.

Miami real estate

According to The Real Deal, a real estate magazine which monitors various markets nationwide, marketing has already begun for Auberge Residences, the property for which was bought by Related and its business partners in 2014 for a hefty $57.3 million. The complex will be constructed next to the Adrienne Arsht Center for the Performing Arts’ Knight Concert Hall. Related is co-developing the project with Auberge Resorts, which will act as management for the project. The two companies are also developing Fort Lauderdale’s Auberge Residences & Spa.

A Luxury Complex in the Works

In its pitch to the Review Board in Miami, Bernardo Fort-Brescia – Arquitectonica founder and the architect for the project – presented renderings of the dual 59-story towers which house more than 800 units and face Biscayne Blvd, along with an additional 49-story, 568-unit building that will sit on Northeast Second Ave. An 11-story podium will connect the triple towers and will house restaurants, retail outlets, various other amenities, and more than 1600 parking spaces. In his explanation to board members, Fort-Brescia explained that the structure will create ground-floor activity as well as provide visitors with places to eat before or after shows at the performing arts hall.

With its per sq. ft. prices falling into the $700s, Auberge will qualify as a luxury facility, said Carlos Rosso, the condominium division president for Related Group. The building will feature private elevators and a host of other upscale amenities. Iris Escarra, who is a Greenberg Traurig shareholder as well as Related Group’s attorney, informed the board that it is as yet undecided whether the towers will be constructed concurrently or one at a time in phases.

More Good News for the Developer

Later in September, Related experienced another win with the FAA’s approval of the height of its towers. Two of the buildings were approved for their heights of 649 ft., with the third tower coming in at 533 ft. The FAA had stated in early September that it needed more time to study the plans for the condos, but good news came quickly for Related with the FAA deciding that the height of the projects would not interfere with airspace.

Click here to see Related Group project in Miami