CLIENT NEWS: Riviera Horizons to launch sales of Pagani-branded North Bay Village condos

March 12, 2024

Mikael Hamaoui’s Riviera Horizons is set to launch sales this spring of a Pagani-branded North Bay Village condo project. The planned 28-story, 70-unit Pagani Residences is the first ever condo development for the Italian hypercar brand, according to a press release. It marks the latest addition to the slew of branded residences in development across South Florida, and the first such project in North Bay Village. A number of South Florida’s branded projects bear luxury car logos, including Porsche Design Tower, developed by Gil[...]

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CLIENT NEWS: Shore Club PH in contract for over $120M, setting a condo price record in Miami-Dade

March 12, 2024

A penthouse at the planned Shore Club project in Miami Beach is reportedly in contract for more than $120 million, a sale that would set a price record for condos in Miami-Dade County — if and when it closes. Witkoff and Monroe Capital are developing the Shore Club Private Collection, an Auberge Resorts Collection-branded condo and hotel project at 1901 Collins Avenue. Douglas Elliman is handling sales and marketing of the 49-unit development. Mansion Global reported that the unit is under contract[...]

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CLIENT NEWS: Michael Stern’s JDS launches sales for Mercedes-Benz branded Brickell condo tower

March 4, 2024

JDS Development Group is launching sales of its planned Brickell tower to be branded Mercedes-Benz, marking the German carmaker’s first North American condo project. The previously un-branded 67-story mixed-use tower at 191 Southwest 12th Street will be called Mercedes-Benz Places in Miami, according to a press release. It comes on the heels of Mercedes-Benz debuting its first residential real estate project, Mercedes-Benz Places in Dubai. The luxury carmaker launched the 65-story, $1 billion tower in January with Emirati developer Binghatti. New[...]

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CLIENT NEWS: Mercedes-Benz plans its 1st North American condo in Miami’s Brickell, prices start in $550,000s

February 27, 2024

JDS Development Group will partner with Mercedes-Benz AG to brand the condos in its 67-story, mixed-used tower in Miami’s Brickell neighborhood. This would be Mercedes' first North American condo project, according to the company. The 791 units in the residential tower will be branded Mercedes-Benz Places and the German automaker’s design team, in collaboration with New York-based SHoP Architects, refined the design of the building based on its “sensual purity” concept. “This philosophy, based on the duality of emotion and[...]

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CLIENT NEWS: Related’s Steve Patterson buys waterfront Miami Beach teardown

February 27, 2024

Steve Patterson, president and CEO of a Related Group division, bought a waterfront Miami Beach teardown for $9.4 million. Records show Patterson bought the property at 5141 Pine Tree Drive from Christian Egidio Lamont. Darin Tansey and Lynna Weil of Douglas Elliman had the listing. Jeri Jenkins and Brian Suarez of Coldwell Banker Realty brought the buyer. Patterson is Miami-based Related Group’s president and CEO of Related Development, the firm’s multifamily and mixed-use division, according to its website. In 2021,[...]

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CLIENT NEWS: Miami Beach goes shopping for $6.5 million oceanfront house

February 23, 2024

Miami Beach is to buy a single-family home for $6.5 million. The site at 7605 Collins Ave. is surrounded by city-owned land on three sides and is the missing piece needed to complete a city-owned oceanfront block with no use yet decided. The city commission discussed its decision to buy the property this month and is act again to finalize the buy. “We’ll direct the administration to work on the purchase of the property and send the contract and the[...]

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