Nearly two decades after becoming a
brand name with his renovation of the
Delano South Beach, developer Ian
Schrager is back in Miami working his magic.
His latest baby is The Residences at The
Miami Beach Edition, resurrecting the former
Seville Hotel on 29th Street and Collins
Avenue as an über-luxurious two-tower
condo and urban resort.
The Residences’ 26 units will sit atop the
hotel, which will retain the original 1950s
facade, and will range in size from one to
four bedrooms. Most units feature outdoor
hanging gardens, pools, and pergolas.
Among the interior features are floor-to-ceiling windows and bleached teak
wood flooring throughout.
R esidents w ill e njoy t he p erks o f r esort
like housekeeping and room service.
“When you put all those details together, it’s
just not like anything else available in Miami
Beach,” Schrager says. Half of the units sold in
less than four weeks, including the combined
sale of two penthouses for $34 million at a
record-breaking $3,800 per square foot.
Construction is set to be complete by early
next year. 2901 Collins Ave., Miami Beach,
Urban oasis Palau seems like the perfect
beach condo. Despite its contemporary
design, this 50-unit, five-story building in
Sunset Harbour exudes a relaxed ambience
that matches the neighborhood’s low-key
vibe. The project is the brainchild of SMG
With units fetching from $500,000 to $2
the building features a gym, lobbies,
and media room/library designed by Kobi
Karp and Orit Srebernik; amenities include a
rooftop pool and sundeck. But chief among its
selling points, says Meir Srebernik of SMG, is
location. “Stepping from your home to enjoy
your immediate neighborhood, walking to
Lincoln Road or the New World Symphony,
or just biking over the Venetian Causeway or
directly to the beach, this is what a perfect
location is all about,” he says. Construction is
scheduled for completion by 2014. Douglas Elliman, 1111 Lincoln Road, Miami Beach, 305-695-6300
It Community One of the last gated
oceanfront communities in North Beach, just
south of the Bal Harbour Shops, Altos Del
Mar boasts 24 luxury homes and premium
lots on the water. In recent months, it has seen
a spike in interest from international buyers,
many from South America.
“No other single-family home development
offers direct ocean access,” says
Vanessa Ballestas, director of international
sales and marketing at One Sotheby’s
International Realty, which took over exclusive
sales last December. “It’s a mini Malibu
in Miami,” she claims.
Homes can be custom-built to include an
elevator and up to seven bedrooms, for a
maximum total of 10,000 square feet of
living space. Ready-to-move properties are
listed for $11 and $14 million, while one
oceanfront lot is going for $4 million. One
Sotheby’s International Realty, 1430 S. Dixie
Hwy., Ste. 110, Coral Gables, 305-607-2600
Haute enclave Bellini Williams
Island, a 24-story, 70-unit luxury condo in
Aventura, is getting ready to welcome new
residents; the elliptical-shaped condo is slated
to be complete next month. Bellini developer
Martin Z. Margulies says he’s pleased with
the rate of pre-sales so far, with buyers from
Brazil, Argentina, Mexico, and Canada
the charge. He believes Bellini holds
an edge on other developments because it
will be the only high-luxury project to be
delivered by summer of this year.
“The community of Williams Island is currently
undergoing a $5 million renovation.
Buyers are purchasing a certain lifestyle, which
Williams Island provides to them,” he says.
Unit sizes range from 2,200 square feet up
to 5,000 square feet for penthouses, with
prices between $1.2 and $4.1 million. One
Sotheby’s International Realty, 4100 Williams
Island Blvd., Aventura, 305-466-6808