Miami

Espirito Santo Plaza In Brickell Sells For $142M

Espirito Santo Plaza in Brickell

Espirito Santo Plaza in Brickell

The Espirito Santo Plaza building in Brickell has sold for $142 million, according to The Real Deal.

The buyer is Dallas based Gaedeke Group, which purchased the building from Estoril Inc.  The 36 story building located at 1395 Brickell Avenue in the Financial District was built in 2004. 

Not included in the purchase is the Conrad Hotel, which is also up for sale and expected to sell for over $100 million.

The Bentley Residences Hotel Coming To Edgewater

The Bentley Residences Hotel

The Bentley Residences Hotel

Located at 400 NE 35th Terrace a new tower has been announced called The Bentley Residences Hotel, which was previously called Satori.

The 32 story tower will have 207 residential units, 27 executive suites with 18 fully furnished penthouse suites. The Bentley will offer views of Biscayne Bay, South Beach, Midtown Miami and Downtown Miami. There will be a 5th floor pool along with a rooftop pool and a PlΓ©thore and Balthazar restaurant on the 30th floor. Residents will have VIP access to The Hilton Bentley Beach Club on Ocean Drive. 

The project is being developed by Canadian company Heafey Group and designed by architect Kobi Karp. 

Renderings Of Auberge Miami Revealed

Rendering of Auberge Miami via The Next Miami

Rendering of Auberge Miami via The Next Miami

Renderings of Auberge Miami from The Related Group have been obtained by The Next Miami. 

The project at 1400 Biscayne Boulevard is being designed by Arquitectonica that will be comprised of three towers with 1,430 residential units. Tower 1 and 2 will be 59 stories while tower 3 will be 49 stories. 

The Related Group purchased the land last year in October 2014 for $57.3 million, which totals 2.8 acres.

Renderings of Auberge Miami can be seen below.

Regatta Park Set To Open Soon

Regatta Park in Coconut Grove

Regatta Park in Coconut Grove

Regatta Park was initially supposed to be open on September 7, Labor Day, but the park is almost completed and should be ready for the public in the next few weeks. 

The three story Dockmaster building is already open and offers great views of Biscayne Bay, Downtown Miami and Coconut Grove from the top floor of the building. The old Dockmaster building, which used to be apart of Pan-Am is going to be demolished in the next week or so. The next phase for Regatta Park will be the revamp of the parking lot adjacent to the park on the East side.

Previous photos of Regatta Park can be seen here. Demolition photos of the Expo Center can be seen here at the Coconut Grove Grapevine.

Update: The Grand Opening of the park is Saturday, September 26 starting at 11am

Mary Brickell Village Sold For $113.5M

The Shops at Mary Brickell Village 

The Shops at Mary Brickell Village 

Ivanhoe Cambridge has sold The Shops at Mary Brickell Village for $113.5 million, according to The Real Deal. The buyer is Rockpoint Group.

Located in the heart of Brickell, the 195,188 square foot shopping center was built in 2007  and it's tenants include Publix, Blue Martini, Brother Jimmy's and Doraku. Above the parking garage is the condo Nine at Mary Brickell Village, which recently opened earlier this year. 

Paraiso Bay Construction Updates

Paraiso Bay

Paraiso Bay in Edgewater is currently on the 19th floor of construction on the 55 story building. Groundbreaking on the site began on July 2014. 

Last month, The Related Group had the groundbreaking of Paraiso Bayviews, which is apart of the Paraiso compound. Photos from the groundbreaking can be seen here.

Biscayne Beach On 24th Floor Of Construction

Biscayne Beach

Biscayne Beach

In the Edgewater district of Miami, Biscayne Beach is getting taller and is currently on the 24th floor of construction. 

Since we last looked at the site in May, over 95% of the units were sold in the building.

Construction is expected to be completed in the end of 2016.