🤩 $307M Oceanfront Condo, Yacht House & Miami Art Week

Check out how Miami's wealth, culture, industry, and real estate is booming this week!

Author

Joe Biscaha
November 30, 2024

Happy Saturday, Miami!

In this week’s update:

🏙️ Related Group Oceanfront Condo: The Rosewood Residences oceanfront condo in Hillsboro Beach is moving forward, as Related Group and Dezer Development have secured a $307 million construction loan.

🛥️ The Mansion Yacht House: This 9,000-square-foot masterpiece, conceived by seasoned creators of elite venues in the U.S. and Europe, blends sophistication, exclusivity, and innovation, offering an unparalleled haven for networking, relaxation, and connection.

🖼️ Miami Art Week: Miami Art Week returns with a spectacular lineup, including Faena Art's dynamic installations across the Faena District at 3201 Collins Ave. Highlights include Nicholas Galanin's site-specific commission, monumental works at Faena Beach and Cathedral, and the public debut of multidisciplinary artist Lyra Drake at the Faena Hotel Cathedral.

In case you missed it

Art Week offers a long list of shows and fairs

Art shows and fairs are coming back to celebrate this year’s edition of Miami Art Week — promising the best one to date.

https://www.miamitodaynews.com/2024/11/27/art-week-offers-a-long-list-of-shows-and-fairs/

New cafe pops up at old Paradis location in North Miami

Sommer here! Nearly a year after Paradis Books & Bread closed its doors — leaving myself and many other Miamians distraught — a new concept has opened in its space. 

https://www.axios.com/local/miami/2024/11/25/new-cafe-opens-in-paradis-location

Christmas celebrations kick off with tree lighting at Bayfront Park

Under the sun and next to the palm trees, a Christmas village has popped up at Bayfront Park.

https://www.local10.com/news/local/2024/11/27/christmas-celebrations-kick-off-with-tree-lighting-at-bayfront-park/

🎥 This is Miami's Most UNDERRATED Neighborhood

In this video, I will tell you about Miami's hidden gem neighborhood, the most underrated area you might never even heard of! Welcome to Flamingo / Lummus!

Driving the news: Related Group and Dezer Development are moving forward with Rosewood Residences Hillsboro Beach, a luxurious oceanfront condo project. Backed by a $307 million construction loan from Apollo Global Management, this landmark development promises to redefine luxury living in one of South Florida's most coveted coastal areas.

Details:

  • Prime Location: Spanning 11.8 acres from the Atlantic Ocean to the Intracoastal Waterway, this property is located at 1174-1185 Hillsboro Mile.

  • Exclusive Residences: The project features 70 beachfront condos, 22 villas along the Intracoastal, and 11 private boat slips. Homes range from 2,800 to 6,400 square feet, with prices starting at $5.8 million.

  • Top-Tier Amenities: Residents will enjoy two fitness centers, a wellness center, a yoga room, courts for tennis, paddle, and pickleball, an oceanfront pool, and multiple dining venues, including a bar and grill, a cocktail lounge, and a café with a breakfast bar.

  • Progress Update: With over 50% of units already under contract, construction is set to finish in 2026, led by Miami-based Coastal Construction and Arquitectonica.

Why it matters: This project introduces Hillsboro Beach’s first branded residential concept, combining luxury hotel-level amenities with the privacy and comfort of home. It also reflects the area’s growing appeal as a prime location for high-end coastal living.

The big picture: After overcoming initial legal challenges around building height, Rosewood Residences has secured approval and is moving ahead. The development stands as a testament to the collaboration of leading firms like Related Group, Dezer Development, and Rosewood Hotels & Resorts, blending sophistication with a serene coastal environment.

What’s next: Construction is underway, with completion anticipated in 2026. As sales continue and the development progresses, Rosewood Residences Hillsboro Beach will undoubtedly become a standout in South Florida’s luxury real estate market.

The bottom line: With unmatched amenities, a prime waterfront location, and a commitment to blending modern elegance with natural beauty, Rosewood Residences Hillsboro Beach sets a new standard for luxury coastal living.

Real Estate Insights

10 businesses granted incentives to set up shop in downtown Miami

The Miami Downtown Development Authority approved $525,000 in incentive grants to bring more businesses to the city's urban core.

https://www.bizjournals.com/southflorida/news/2024/11/27/downtown-miami-new-businesses.html

The Mansion Yacht House, a new ultra-exclusive floating private club debuts in Miami

Miami’s hottest new membership club, is hosting a special launch event during Miami Art Week, offering an exclusive preview of its luxurious floating retreat.

https://www.oftmw.com/post/the-mansion-yacht-house-a-new-ultra-exclusive-floating-private-club-debuts-in-miami

Allen Morris Co. reveals new mixed-use development in the heart of Coconut Grove

Allen Morris Co., in collaboration with the Espinosa family, is redefining Coconut Grove with an ambitious mixed-use development at 3101 Grand Avenue.

https://www.oftmw.com/post/allen-morris-co-reveals-new-mixed-use-development-in-the-heart-of-coconut-grove

What to do this weekend

🎤 Ana Gabriel Concert (Nov 30) – The renowned Mexican singer-songwriter will perform her greatest hits, promising an unforgettable night for fans.

🕺🏻 Men Who Dance (Nov 30-Dec 1) – This exciting dance performance showcases a variety of styles and is perfect for dance enthusiasts.

🎨 Art Basel VIP Preview Female Art Night (Nov 29) – This exclusive event kicks off Art Basel week with a focus on female artists and their contributions to the art world.

💿 Bedjine Kdilak Album Release Party (Nov 30) – Celebrate the release of Bedjine Kdilak's new album with a lively party featuring music and entertainment.

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Have a great weekend!!

-Joe