One Thousand Ocean closes $8.7M penthouse deal March 28, 2013 01:00PM

www.vipoceanrealty.com

The penthouse’s balcony

One Thousand Ocean has closed the sale of one of its penthouse units for $8.7 million, or $1,540 per square foot — the highest per-square-foot price to date at the building, according to an announcement today from the developers.

The international buyer of the unit, known as “the Beach,” plans to build out the residence with One Thousand Ocean’s development team supervising the process. The units feature a private elevator lobby, floor-to-ceiling windows, a separate glass-enclosed bonus room, a private pool-deck cabana and a private three-car garage.

“The new owner wanted a place for his family to come to that felt safe and was an active playground, even when he may not be here with them,” Maria Scarola of LXR Realty said in the statement. ”There’s a lot less traffic in Boca, and his family can cruise across Lake Boca aboard the resort’s Mizner’s Dream shuttle boat to enjoy ice cream at Serendipity or dinner at numerous restaurants on property without getting into their car.”

The sale is the third for the building in March, bringing this month’s sales volume to nearly $20 million and bumping up occupancy to 93 percent. The sales leave only four units available for purchase in the Boca Raton condominium project. –Christopher Cameron

Palm Beach estate hits the market for $32.5M March 29, 2013 05:00PM

www.vipoceanrealty.com

1960 South Ocean Boulevard

A two-acre oceanfront Palm Beach property known as Paradisio del Mar has hit the market asking $32.5 million, according to John Poletto and Mark Nestler of Nestler Poletto Sotheby’s International Realty, who are co-listing the home. The $32.5 million ask makes the property the fifth most expensive home on the market in Palm Beach County, according to data provided by Condo Vultures. 

The house features a gated entry, oceanfront portico, twin marble staircases, library, billiard room, media room and a wood-paneled study with a hearth, according to the listing. The three-story property, located at 1960 South Ocean Boulevard in Manalapan, also includes multiple balconies and a massive 30-car garage.

The home’s boat dock can accommodate a 125-foot yacht with self-contained diesel and gas fueling on the grounds, in addition to lifts for jet skis and power boats.

“This is one of the most unique and extraordinary oceanfront … estates in Florida and will appeal to our most discerning national and international clientele,” Poletto told The Real Deal.

Poletto added that he plans to release a promotional video highlighting the property’s high-end amenities in the coming months.

“Our marketing strategy includes a cinematic quality video showcasing the luxurious lifestyle at Paradisio del Mar and a special magazine highlighting the Manalapan compound, to be distributed to qualified buyers globally.”

Today’s priciest listing April 03, 2013 05:00PM

www.vipoceanrealty.com

View from 122 West Riverside Drive in Jupiter

Today’s priciest listing is a two-bedroom, two-bathroom single-family home in Jupiter asking $1.9 million. The 2,077-square-foot home, at 122 West Riverside Drive, offers water frontage and a seawall. Mark Eble of Water Pointe Realty Group has the listing. ( Data includes condos and single-family listings in the main metropolitan areas of Miami, Fort Lauderdale and West Palm Beach, as well as Monroe County, that are newly listed. Listings are taken from the South Florida MLS.)

Edition condo sells for $6M April 05, 2013 01:00PM

www.vipoceanrealty.com

A rendering of an Edition unit

A 2,000-square-foot two-bedroom condominium at the Residences at the Miami Beach Edition has sold for $6 million, or $3,000 per square foot, The Real Deal has learned.

“It’s a sexy, little bachelor pad,” said Toni Schrager of Avatar Real Estate Services, who handled the sale.

The Edition, a 26-unit John Pawson-designed combination condo-hotel, is set to open in 2014. The project features 26 condo units ranging from one-to-four bedrooms, on the top two floors of a 250-room hotel designed by Ian Schrager, which is set to include a bowling alley and an ice-skating rink.

“[The buyer] had been waiting for Ian to do something in Miami for a while,” Toni Schrager told TRD. “He’s just a big fan of his style and knows that whatever he does always turns out great.”

The apartment has a 14,000-square-foot balcony and a rooftop terrace overhead.

The Edition launched sales in January. Last month, Coldwell Banker’s William Pierce sold a$34 million combined-unit penthouse at the project.

Biscayne Boulevard towers planned by Chateau Group would alter Miami skyline April 08, 2013 02:00PM

www.vipoceanrealty.com

Freedom Tower to be dwarfed by two new proposed towers?

The Chateau Group, the developers behind Chateau Beach in Sunny Isles and Chateau Ocean in Surfside, has submitted plans to build a 709-foot-tall tower at 700 Biscayne Boulevard, according to Curbed. The developers have also submitted plans to build a 704-foot-tall building one block away at 600 Biscayne Boulevard, the same address as the Freedom Tower.

The new towers will certainly have an impact on Miami’s skyline when and if they are built, but there is no guarantee that will actually happen. There have been other plans to build towers at both locations that have never come to fruition, Curbed noted.

Previous plans had a tower at 600 Biscayne Boulevard called Freedom Square and a project at 700 Biscayne called Paramount Park, Curbed said.

It’s unclear whether the new towers would have the same designs as the previous projects.

Dolphins, Miami-Dade County reach “unprecedented” stadium reno deal

www.vipoceanrealty.com

Sun Life Stadium rendering

Pro football team the Miami Dolphins and Miami-Dade Mayor Carlos Gimenez have reached an “unprecedented” deal to renovate the Sun Life Stadium, according to an announcement last night by team owner Stephen Ross, NBC Miami reported. The deal stipulates that the Dolphins will foot 70 percent of costs, estimated at around $389 million.

Commissioners are slated to meet today regarding the partnership, and if both sides agree on the plan, it will head to a May 14 vote.

“When the people of Miami-Dade go to the polls, we are confident they will support this partnership, where the Dolphins will pay approximately 70 percent costs, will repay approximately $167 million to the state and county, will pay for 100 percent of any cost overruns during construction, and will be committed to staying in Miami-Dade for the next 30 years,” Ross told NBC in a statement.

Miami-Dade County will up its hotel tax rate to 7 percent from 6 percent under the deal — 75 percent of the tax revenue will go to the Dolphins. The first year is expected to bring them $7.5 million, with a 3 percent annual cap each following year. [NBC Miami] –Zachary Kussin

Bisazza North America buys Design District property for $3 million April 09, 2013 02:00PMvipo

www.vipoceanrealty.comMiami’s Design District

Bisazza North America bought 3740 North East 2nd Avenue, an industrial space in Miami’s Design District, for $3 million, according to a statement from the brokers who handled the sale today. The price works out to about $600 per square foot.

Tony Cho and Tony Arellano of Miami-based commercial real estate firm Metro 1 Commercial arranged the sale, the statement said.

Bisazza produces glass mosaic for exterior and interior decoration. In addition to the brand’s Miami location, Bisazza also has showrooms in New York, Chicago, Los Angeles and other locations worldwide.

Just up the street from the recently sold building, Metro 1 is selling the 13,102-square foot Power Studios property at 3711 North East 2nd Avenue for $8.2 million. At a price of about $626 per square foot, the building is available for redevelopment, retail or hospitality. The company is also leasing multiple properties in the Design District, the statement said. —Evan Bleier