Consider the Privacy and Luxury Offered at Regalia

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

Regalia Condo

Do you love the idea of living in an area such as Sunny Isles Beach? It is close to the heart of Miami and all of the fun, entertainment, and business opportunities the city offers. It is right on the water, and it could make an ideal location for you to settle down or to have a vacation home. However, you might be worried that because the area is so popular you will have trouble having any semblance of privacy. In some towers that might be true, but you will not find that problem with Regalia. This tower features only 39 residences – one on each of the floors.

The Regalia Tower Offers Plenty

When you buy a residence at Regalia – (see all available listings), you will be the sole occupant on the floor, so you never have to worry about your privacy. This also means the units are very large and will be capable of accommodating even large families. The overall livable space is 7600 square feet. 5515 of the feet are indoors, while there are 2100 feet of outdoor living space thanks to the gorgeous balconies. You can choose from four or five bedrooms. Of course, you don’t have to use all of those rooms as bedrooms. You could also use one as an entertainment room and one as a den, for example.

On the ground floors are the lobby and the parking facility. The second floor is where you will find the pool deck and the other amenities offered by the building. All of the common areas are beautifully decorated with marble and wood. The building has a high-tech automated security system, and there are attendants on duty 24hrs a day to help you if needed.

The building is located right on the water and you will be only steps from the beach. Those who want to keep in great shape will certainly want to spend some time at the fitness facility, which offers state of the art equipment, as well as sauna and treatment rooms. You can talk with the concierge to find more information about the services in the building to take full advantage of everything it offers.

Residences at Regalia

As mentioned, the residences in the tower are very large. They could be a nice option for those who have a large family, or for those who simply want to have more space and privacy. The units have floor-to-ceiling windows, beautiful cabinets and flooring, as well as Italian cabinetry, designer lighting, a separate service and utility room, and 10’ high ceiling.

The wraparound terraces are massive and provide you with thousands more square feet of living space. You can enjoy spending time out on the terrace whether you are entertaining or you just want to take in the impressive views on your own.

There are many things to love about Regalia, and there is no reason to wonder just why this tower is as popular as it is with buyers. The size, privacy, and the amenities make it special.

One Sotheby’s International Realty Sunny Isles Beach office specializes in sales of luxury condos such as Regalia. Please stop by or call our office at (305) 336-0457

Real Estate Investments Increasing for Kazakhstan

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

Sunny Isles Condos for sale

Kazakhstan, which is an oil-rich country located in Central Asia, is searching for a way to increase returns on a possible $93 billion from wealth funds. As a result, some of the biggest private equity players in real estate may be the beneficiaries. The problem for this country in regards to investing and actually making money is an issue with the oil prices continuing to fall.

Nursultan Nazarbayev, the president of Kazakhstan recently hosted a dinner in September at the New York based Four Seasons Hotel. This was attended by a number of big names, including Henry Kravis, the founder of KKR & Co., Stephen Schwarzman the chair of the Blackstone Group and David Rubenstein, the co-founder or the Carlyle Group.

Creating Investment Opportunities

The idea was for Nazarbayev to create interest in various investment opportunities that were present in his country; however, Kazakhstan also has plans to increase their own investments in regards to real estate, hedge funds and private equity in order to boost their returns.

The $64 billion National Fund in Kazakhstan has begun to struggle in regards to achieving a return of two percent each year for the previous five years. This country is the largest exporter of energy in Central Asia and now searching for real estate, as well as other types of alternative investments, as the price of oil is close to an 11 year low and the returns that are received from commodities have fallen to levels that have not been seen since 1999.

Finding a Worthwhile Return

According to the CEO of the National Investment Corp. in Kazakhstan, Berik Otemurat, the country is essentially sitting on a large amount of cash, but not able to see any type of significant return. It is especially important to address this issue because of the less than optimistic outlook for the price of oil and the reduced amount of inflow to the National Fund.

Real estate is considered extremely attractive for sovereign wealth funds. This is because last year, they returned an average of 14.1 percent, which was close to double of their 7.4 percent target. For example, Arabian Gulf funds are changing investments because of their financial services and moving into retail and hotels. Taking time to realize this allowed the Kazakhstan government to find better ways to invest their money and see it grow. Many investors from Kazakhstan are buying Sunny Isles condos While the government is still working to make deals with worldwide real estate moguls, it is an effort that is likely going to pay off in the near future.

Through December 7, sovereign investors were considered a net buyer of over $36 billion in total real estate around the globe. This shows the active moves that these countries’ are making, not just Kazakhstan; however, this is a country that is considered up and coming in this industry to attempt and make their wealth grow and increase the value of the investments that they make. While they have oil commodities to fall back on, real estate offers them a stable option for growing wealth.

What Does Acqualina Offer?

By Sunny Isles Real Estate Expert on April 24th, 2016

Acqualina Sunny Isles

Sunny Isles Beach is one of the most popular locations in the Miami area for those who are searching for permanent residences, as well as those who are looking for vacation homes. There are a number of beautiful condo buildings in the area, and one of the most popular is Acqualina – see website here. This is a 51-story tower, which means that many of the residences have fantastic views of the coastline and the ocean beyond. Those who have been searching for a unit with a view can find some great options here. However, the building has far more to offer than just the view.

Building Amenities at Acqualina

Those who choose to live at this building will find a wealth of amenities and features right at their fingertips. You will have access to the Beach Club, which has a private beach, as well as a pool. You can also enjoy a meal at the onsite restaurant, Il Mulino New York. It is right on the oceanfront. Of course, there is also the pool bar and grill so you can have a cold drink and a snack while you are soaking up the rays.

Residents are also able to enjoy 24-hr room service and in-home catering if you are planning a party. There is a barber shop and a salon on the premises, as well as concierge services and a 24-hr doorman. The building also has valet services, a kids’ program, and even nanny services.

Those who want to stay in great shape will want to make use of the oceanfront ESPA and fitness center. When you live at Acqualina, whether you are there full time or only during your vacations, you will feel as though you are living at a resort thanks to all of the luxury amenities offered at the building. However, the residences are just as spectacular.

What Do the Residences at Acqualina Offer?

The residences have high-speed elevators that will take the residents to their units. The floor plans vary, and have ceilings between nine and 10’ high. They also have a washer and dryer, a water filtration system, and solid-core wood doors. The terraces are oversized, and they make an ideal spot to spend some time enjoying the weather and the aforementioned views of the water. In addition, the residences have wall safes and private storage.

Those who buy Acqualina condo will also have high quality appliances from Gaggenau, as well as Sub-Zero refrigerators. The granite countertops have a full backsplash, and the European cabinetry has under-counter lights. The master bathroom has high marble walls, imported marble countertops and flooring, frameless glass-enclosed showers, designer faucets, and a luxury whirlpool tub.

It’s All About Luxury

Everything about the Acqualina, from the amenities and features of the building to the elements found within the residences screams luxury. If you have been searching for a condo in a great location that makes you feel as though you are living in a high-end resort, this could be the perfect building for you.

Residents Will Love 400 Sunny Isles

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

400 Sunny Isles

400 Sunny Isles – one of the newest and most spectacular developments in the Miami area, which comes from the development company Key International. The project has been completely sold out from the developer, however there are resale apartments already available – see all 400 Sunny Isles condos for sale here. The building is located in the most popular area and offers lots of unique features and amenities. If you’re on the market to buy a new property, 400 Sunny Isles would make it an ideal spot for those looking for a luxury condo in Miami whether you want to live full time or just use it as a vacation or rental property.

The property is located on Sunny Isles Beach Boulevard. It is right on the river and is close to a number of fantastic activities and attractions in the area. One of the best parts of the building is the fact that it has a marina that can provide wet and dry dock storage. Even if you do not own a boat, you will find rentals available, as well as fractional yacht ownership.

Features of 400 Sunny Isles

The building offers a wealth of different features and amenities for the residents. You have access to a full time concierge, as well as 24-hr complimentary valet parking. If you are concerned about security, you will have less to worry about at 400 Sunny Isles. The building offers a 24-hour attended camera and the latest in surveillance equipment. You can keep your car safe thanks to the undercover garage and the assigned parking spaces.

The activity center is amazing as well. They has onsite coordinators to help the residents to enjoy a wide range of amenities that you will not find elsewhere. For example, they offer wind surfing, diving, fishing, kayaking, biking, water skiing, and more. If you want to head to the beach, you can rely on the beach car service. The high-end golf carts will take you to and from the beach, or even to Oleta River State Park.

The building also features an entertainment and party lounge, and it even offers storage for those who have bikes and jet skis. Enjoy the pool, the two clay tennis courts, the beach, and much more!

What Do the Residences Offer?

Of course, if you are thinking about buying one of these properties, you want to know what makes the residences so special. The units offer floor-to-ceiling and wall-to-wall glass in the units that have a flow through design. All units come prewired for a communication system, and the units are soundproofed to give you more privacy. All of the units have high quality appliances and European cabinetry, washers and dryers, designer fixtures for the bathroom, and direct elevator access from the garage to the residence floors.

Plenty to Offer

As you can see, 400 Sunny Isles has a substantial amount of features and amenities that help to set it apart from many of the other buildings in Miami. It is a beautiful building in an ideal location for those who need to commute to work or for those who just want to enjoy the gorgeous Sunny Isles Beach and Miami surroundings.

The Real Estate Market that Keeps On Trucking

By Sunny Isles Real Estate Expert on March 14th, 2016

Four Seasons Surfside

While the Big Apple may offer a little bit of everything, great weather is not on this list.

If you are ready to get away from the dark and cold days, consider doing what some of your fellow New Yorkers are already doing – buy a second home where the sun always shines – in Miami. Despite all the reports that the market may be slowing down, there are still plenty of projects that are ready to be occupied and still being developed.

Existing residences that are available for purchase range in style. You can find large and small scale projects, oceanfront or riverside options and builders and developers are ready to make arrangements to meet the demands of their buyer’s budgets – whatever this may be.

Some of the current places to check out in this region are found here.

Park Grove

Located on South Bayshore Drive, this 260 room unit, three tower development is the first residential project in the US by the co-founder of the OMA, Rem Koolhaas. Developed by the Miami developer “big boys,” The Related Group and Terra Group, buyers can find one to six-bedroom units that span from 2,200 to 3,600 square feet.
While the residences start at $2 million, they offer a number of amenities, which include a wine tasting room with private storage options, 28 seat screening room and a pool deck on the roof.

Four Seasons Private Residences: The Surf Club

If South Florida is your residence location of choice, then consider the Fort Partners developed Surf Club Four Seasons Private Residences (CLICK HERE to see site and availability). Located at 9011 Collins Ave. in the actual area of Surfside, this unit is about 80 percent sold out and will begin delivering residences this upcoming winter.

The unit offers one to six bedroom units, as well as 12 penthouses. Prices range from $3.8 million to $40 million. There is a total of 119 private residences, which offer floor-to-ceiling windows, Boffi lacquered cabinets, custom kitchens and outdoor terraces. The penthouses feature picturesque ocean to bay views and in addition to the actual residences, this unit will have 77 hotel rooms.

Ritz Carlton Residences in Sunny Isles Beach

Sunny Isles Beach is no stranger to condo tower development on the coast, which is why the development of a 52 condo tower at 15701 Collins Ave. is no surprise. This 212 unit tower features all the class and luxury expected from the Ritz-Carlton (see website here), contained in full-time residences. Some of the features of these units include Intracoastal views, ceiling heights of more than 10 feet (some reaching 15 feet), roomy terraces and private pools. There is also a full floor penthouse that recently sold for $21 million in 2015, which is a record for the Sunny Isles neighborhood.

As you can see, there are more than a few options available if you need to find something warmer and sunnier. Venture away from New York and see the benefits offered on the shore with some high-end luxurious condo towers in Miami and surrounding communities.

Enjoy Upscale and Posh Living in Sunny Isles Beach with Armani Designed Condo

By Sunny Isles Real Estate Expert on February 29th, 2016

Armani Sunny Isles

Giorgio Armani has quite a few titles on his resume – global style icon, fashion legend… and now, supreme luxury condo designer.

Armani has now brought his style and sleek sophistication to a condo tower on the sandy shores of sunny Isles Beach. The 60 story condo tower will have units that sell for, on average, $3.5 million. See additional information on website.

Development of the Posh Miami Condo

Developers Gil Dezer and Jorge Perez recently presented the sales center at an open-bar party for the prospective buyers and top brokers. Approximately 1,000 guests were expected to attend and there was a strict policy regarding non-entry for anyone not on the list.

Located at 18975 Collins Ave, this 308 unit tower is yet another successful collaboration with Dezer’s Dezer Developments and Perez’s Related Group. They have recently worked together on several of the Ocean and Trump towers in Sunny Isles. Construction is expected to begin soon and will open as soon as the end of 2018.

Challenges Facing the Development

While the timing of the launch may be challenging, developers have stated that the sales have been quite strong thus far. Some of this concern is the result of the economies in Latin America seeing a bit of a slump, which has caused the luxury condo market in South Florida to cool somewhat.

Armani/Casa Interior Design Studio is the design arm of this fashion giant have conceived the finishes and interiors of the building for a fee. It is considered a 50 – 50 split between Dezer and Related. The architect on this project is Cesar Pelli.

Cost of the Armani Project

The total cost of the towers is almost $1 billion, which is the most costly project Related has ever been in on.

According to the developers, the Armani name is not just being used for increased sales. In fact, the design team is picking every scrap of wallpaper, each fixture and every finish included in each unit.

The actual sales center, where the aforementioned party was hosted, cost over $10 million to construct. It is the centerpiece of the building and a 2,500 square foot reproduction of the penthouse unit’s master bath, bedroom, living area, and kitchen.

The Sunny Isles Beach project is the first ever condo tower that is branded with the Armani name in the U.S. The location in Miami was selected over locations in New York or Los Angeles thanks to the presence of the beach.

Some of the amenities that are being offered to those who buy a unit include a cigar lounge, dog walker, concierge, and full hotel style living, which includes maid service and a private chef.
A special treat for whoever purchases the penthouse unit is a private audience with the man himself (Armani) in Milan.

The units begin at $1.85 million and range from just 1,800 square feet up to 6,500 square feet for the penthouse unit. The average selling cost is $1,300 per square foot, which, according to Dezer is a discount for the Sunny Isles area.

Please call our office at (305) 336-0457 to reserve your unit, or visit our website – www.sunnyislesmiamirealestate.com/Sunny-Isles-Beach/Armani-Residences/.

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.

South Florida Forum and Showcase: Dreams on Display

By Sunny Isles Real Estate Expert on January 4th, 2016

Miami real estate

SoFla is becoming a hotbed of luxury condo projects, hotels, offices, and other mixed-use developments. This is positive growth, but does raise specific challenges for the future, according to developers who presented during the 2nd Annual South Florida Forum and Showcase held by The Real Deal, a real estate publication that monitors the market.

Big names in the real estate development game brought their projects to the forum and participated in panels, discussing the South Florida market at the Moore Building in Miami. The forum and showcase boasted developers like Jeffrey Soffer, Richard LeFrak, Gil Dezer, and Craig Robins, all of whom indicated that they are sticking to their bullish stance on the market. These property hotshots are banking on the popularity of the area, which is a leading tourist and luxury shopping region.

Working Together

LeFrak, who is in the process of developing a $4 billion complex called SoLē Mia Miami, slated to be situated between Northeast 139th and Northeast 151st, had this to say regarding his push to complete major projects: “There are a lot of people who want to come here. Let’s face it — it’s fun.”

SoLē Mia will not only house 4400 residential units but will also offer a dine-in movie theater, an upscale bowling and entertainment venue, and 37 acres of high-end dining, shopping, community parks and recreation, and commercial offices.

LeFrak is teaming up on the project with Turnberry Associates. Turnberry’s co-chair, Jeffrey Soffer, is involved with several other projects as well as SoLē Mia and compared the complex to a city his own father, Don Soffer, developed in the ‘70s, called Aventura. The two view the project as the building of a lifestyle rather than just a neighborhood.

Forum panelists pointed out that each city has its own identity. Dezer, whose family helped redevelop Sunny Isles, said that the city has been called “the Dubai of Miami”. Dezer is the president of Dezer Development. The family firm teamed up with Donald Trump in the construction of six towers in Sunny Isles (see website here). Dezer is also gearing up to finish work on the city’s Porsche Design Tower. In addition, he is partnered with Related Group in the development of Hyde Midtown, on which construction just began.

A New Kind of Neighborhood

Craig Robins – CEO and president of Dacra – began his career with South Beach revitalization efforts, and is now on a mission to transform Miami’s Design District into a prominent luxury dining, shopping, and arts and culture mecca. Thus far there are 20 completed buildings housing flagship luxury retail stores. Robins jumped right into the development of 20 additional buildings, as well as a boutique hotel. 500-1000 units are yet in store, and Robins has a vision for even more residences and hotels.

Michael Simkins, CEO/president of Innovate Development Group, has equally vibrant aspirations for Miami’s future. In regard to his planned nine-tower combination residential/office/retail space, Simkins had this to say: “Our mixed-use development is live-work-play, you don’t need a car…Miami is going to be one of the great metropolises of this century.”

Sunny Isles and the Future of Luxury in Miami According to Jules Trump

By Sunny Isles Real Estate Expert on December 15th, 2015

Sunny Isles Beach real estate

Jules Trump, a developer from South Africa whose parents were clothing store owners in Johannesburg, was a key player in turning Sunny Isles Beach from a run-down motel haven to a collection of some of the most valuable SoFla real estate available.

When Trump moved to the United States in the ‘70’s, he started out in NYC and jumped on the real estate train almost immediately. Soon, however, Miami was calling his name and before long he was involved in an 80-acre luxury development in Aventura, that his family had begun work on in 1980.

Sunny Isles came next, with a luxury hotel and condo project. Acqualina Resort & Spa (see site here) and Mansions at Acqualina (this website) were predecessors to Trump’s current project – the Estates at Acqualina – see the website here. The newest component of the complex is slated for completion in 2019 and will be host to 264 ultra-luxurious homes, costing between $3.9 and $40 million.

What Sets Acqualina Apart?

When asked by The Miami Herald what makes the Estates unique, Trump pointed out that the gated community will be like a private park on the ocean, offering amenities found almost nowhere else in a residential setting – bowling, indoor ice skating, a wave pool, multiple sports facilities, an arcade, and a real-time Wall Street trading room.

Estates at Acqualina

TMH also asked something that’s probably on a lot of people’s minds – with the real estate market having an ever-so-slight cooldown, isn’t it a bit worrisome to embark on such an extravagant project? Trump responded by saying that his development firm pays close attention to a multitude of factors, but that the demand for their very unique venture is the metric they use to assess potential success. And according to Jules, demand is high.

Trump is involved in a variety of projects in multiple locations. When asked about the nature of buyers in Sunny Isles vs. Brickell or South Beach, he replied that Sunny Isles buyers are attracted to the location because while it provides easy access to SoFla destinations, it isn’t as congested as other regions.

Protective Measures

And what about sea-level rise? According to Trump, his teams spend a lot of time and energy making sure the construction fits the site. By building above sea level and using the latest technology to deal with any potential issues, they assure buyers that the quality level of the construction and landscaping will protect them from problems.

The Future of Miami

As for continuing to grow Miami as one of the leading luxury destinations in the world, the developer points to infrastructure upkeep and public transit. Fashion, arts, and culture also play a major role in the relevance of Miami as a unique, attractive location. In addition, new business is vital, according to Trump. Tax credits and new jobs keep industry thriving, which attracts people to the area.

Trump believes the incredible luxury offered by Miami is what keeps global customers interested in investing their time and money in the city, and that developers need to work hard to continue that momentum.