In 2020, the iconic, exoskeleton tower had a record-breaking year of sales, with over $100 million in total. Buyers included star athletes and celebrities like David Beckham and Paul Pogba, as well as affluent purchasers from the Northeast and California that have been migrating to Florida and its prime residential destinations, topped by One Thousand Museum.

“While our original timeline for securing an inventory loan was pushed due to travel restrictions that hindered lenders from walking the finished project, we ultimately found the right lender in Cirrus Real Estate Partners,” said Louis Birdman, co-developer of One Thousand Museum. “We are pleased to enter this new chapter and confident in the upcoming sellout of our landmark building.”

“Despite the pandemic, South Florida proved to be a thriving spot for new residents who flocked to Florida from within the United States, and One Thousand Museum was a project that shined,” said Mayi De La Vega, Founder and CEO of One Sotheby’s International Realty, the Exclusive Broker for One Thousand Museum. “The tower had a record-breaking year with $100 million in sales, and 2021 has already started off with more than $35 million in sales, putting us on pace to exceed our 2020 success.”

The combination of tax benefits and a bustling cosmopolitan city that keeps growing in Miami have continued to bring in new residents from around the world. This year alone, One Thousand Museum has closed $35 million in sales, on track to surpass the milestone reached last year.

“We look forward to the commercial growth of One Thousand Museum,” said Tony Tufariello of Cirrus. “We worked to deliver capital quickly to maintain momentum at the property.”

“We have the experience to understand the operating complexity that comes with a high-profile luxury tower such as One Thousand Museum,” added Joseph McDonnell of Cirrus. “We believe that the capital we provided will help the property fulfill its significant potential."

One Thousand Museum – developed by Louis Birdman, Gilberto Bomeny, Kevin Venger, and partners Gregg Covin and Todd Glaser – was officially completed in August 2019, as one of the country’s most anticipated masterpieces.

For more on One Thousand Museum, visit http://www.1000museum.com/.

Photos courtesy of One Thousand Museum

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The duplex, spanning the 10th and 11th floors, is encased in floor-to-ceiling windows, offering a panoramic view of the city which envelops residents as soon as they arrive home. The condo is outfitted with furniture from B&B Italia, one of the top furniture manufacturers in the world, whose pieces were designed by Patricia Aquila.

Aquila was personally chosen by Zaha Hadid to furnish the common areas throughout the building, giving this home a unique bond that no other unit shares. Inside the home, the common areas are reflective of the local art scene in Miami, with splashes of bold, primary colors, and custom touches in collaboration with Manolis projects.

The exoskeleton-shaped building by the London-based firm that decorates the Miami skyline ever officially opened in August of 2019 as one of the most anticipated developments worldwide. It has top amenities including an indoor-outdoor 1KM wellness center with state-of-the-art equipment by Techno-Gym, yoga facilities, a Spa with relaxation pods, and private rooms for spa services. The Aquatic Center on the 61st floor features an indoor lap pool. One Thousand Museum's Sky Lounge has ample space for private events and fine dining by the building's culinary team. The building has a dedicated Curator of Hospitality to attend after residents' needs on- and offsite.

For more on One Thousand Museum, call 855-663-6873 or visit www.1000museum.com.

Photos credit: Tony Tur Photography

The post One Thousand Museum Debuts $12.5 Million Turn-key Residence appeared first on Haute Residence by Haute Living.

Photo Credit: Courtesy of One Thousand Museum

What’s the current status of the high-end home market?

The high-end is seeing a lot of demand and performing better than other market sectors right now. We have seen a ton of interest of late, and even logged over $100 million in transactions this year.

How has COVID-19 impacted this sector? Which markets are doing relatively well? Which have been impacted the most? How has it played out in towers/condos?

In March when the pandemic hit, there was a migration out of highly dense cities. One Thousand Museum saw immediate interest from states like New York, Connecticut, Illinois and California – some buyers who had been mulling over a home in South Florida and ended up expediting their timelines. While some vacation home shoppers opted for single-family homes over condos, the tower didn’t see any drop-off as its floorplans run upwards of 10K interior square feet, and include the benefits and conveniences of condo living.

Photo Credit: Courtesy of One Thousand Museum

What’s the investment outlook for this segment?

Not only is it a buyer’s market right now, but interest rates are historically low. It’s a great time to buy.

Will COVID cause more people to want second homes as a refuge/place to social distance, or will the economic uncertainty caused by COVID make buyers want to sit on cash instead?

Shelter-in-place has made people evaluate how and where they live. And while some have been more cautious and are taking a wait-and-see approach, real estate remains one of the safest investments.

Photo Credit: Courtesy of One Thousand Museum

How is the second home market different from the primary home market? What are the similarities?

The primary home market is also performing well, again due to the migration from highly dense cities. South Florida has been a popular destination for second-homes and permanent relocations, not just due to the pandemic, but over the past few years and spurred in part by the SALT tax and overall lifestyle benefits of the area.

What design elements and must-haves do homeowners want and expect?

Buyers right now are craving space, both interior and exterior, and they want either ocean views or access so even while remaining at home, they never feel cooped up.

Photo Credit: Courtesy of One Thousand Museum

For more on One Thousand Museum, call 855-663-6873 or visit www.1000museum.com.

The post One Thousand Museum Co-developer Louis Birdman Talks Real Estate Boom In Florida appeared first on Haute Residence by Haute Living.

Photo Credit: Justin Namon

How was the experience of selling at this high level with the pandemic still going?

It was challenging because of not having the freedom we had before, of coming and seeing the property as many times as you wanted. Everybody is more restricted. You have to be very knowledgeable of what buyers want because there's a limited amount of time with them, as they don't want to expose themselves to 20 houses. You have to know what they want from the beginning and guide them correctly, knowing what would be the home to suit them.

Photo Credit: Justin Namon

What were the prices for each?

For Birdman, the closing price was almost $11 million. For Ozuna, close to $5.5 million.

Photo Credit: Justin Namon

How has the real estate market in Miami and Coconut Grove been lately?

Right now, there is a great deal of activity. I believe that many more people will be calling Miami, Home. It's going to be where you want to be. People want space, air, and location. Miami is a young city with great qualities. It is becoming more sophisticated than it used to be in the past, and space is the new luxury. The market in Coconut Grove for single-family homes is beginning to take off. I have sold the last three non-waterfront properties in Coconut Grove priced over $5 million.

Photo Credit: Justin Namon

Why is an apartment better in Miami than somewhere else?

An apartment in Miami still provides space. Everywhere you go, like Old Cutler, Coconut Grove, and Miami Beach, there are places to walk. Miami is not as high-density compared to many other cities.

How has real estate changed?

The rule was "location, location, location." Now it's "location, space." We have seen a much higher demand for houses. People want areas that in a building might not be accessible, as we have seen during this pandemic. Fortunately for us in Miami, you can live in an apartment and (even with social distancing) still go outside, walk, and enjoy the outdoors year-round.

For more on Lourdes Alatriste, visit her Haute Residence profile.

The post Lourdes Alatriste Has Brokered Ozuna And Birdman Properties appeared first on Haute Residence by Haute Living.

The event will be covered extensively by Fox Business Network and Anchor of FBN:AM, Cheryl Casone, who is taking her New York film crew to Miami's sandy beaches to interview some of the real estate industry's biggest names at the Summit.

The "Titans of Miami" panelists will start this year's Summit at one of the grandest residential locations in all of South Florida, where they will speak of the luxury real estate market and where they see it heading. Listen and learn from them by purchasing your ticket to the Summit HERE.

They are:

Gil Dezer, President, Dezer Development

Photo Credit: Dezer Development

An accomplished businessman and humanitarian, Gil Dezer is a visionary developer, and one of the largest oceanfront property owners in Sunny Isles Beach. Dezer and his father, Michael Dezer, own just over 27 acres of prime oceanfront property, arguably one of the largest holdings of beachfront property owned and developable in the state of Florida.

Dezer has been instrumental in changing the face and value of the South Florida residential real estate industry through the introduction of brand partnerships, connecting his developments with some of the world’s most recognized brand names.

In collaboration with real estate mogul and now-President of the United States, Donald J. Trump, Dezer led the Trump Organization’s first foray into the South Florida real estate market through the successful development of Trump Grande Ocean Resort and Residences and Trump Towers in Sunny Isles Beach.

Dezer Development received a $214 million construction loan from Wells Fargo in September 2013, at the time marking the largest loan for a single construction project in the Southeast in the post-recession era. The highly-anticipated Porsche Design Tower officially became a reality in the first quarter of 2017, marking the completion of the iconic tower.

Dezer leveraged this track record of success with marquee lifestyle brands to enter into an exclusive partnership with The Related Group and Armani/Casa Interior Design Studio to launch the world-renowned fashion and furnishings designer, Giorgio Armani’s, first residential tower in the U.S. real estate market, Residences by Armani/Casa. Designed by globally-acclaimed Argentine-born architect, César Pelli, the 56-story oceanfront tower features 308 luxurious residences and incomparable amenities spanning two floors, all exquisitely designed by Armani/Casa with rich textiles and custom furnishings.

Louis Birdman, Co-Developer, One Thousand Museum by Zaha Hadid Architects

Photo Credit: Louis Birdman Architect

For nearly three decades, real estate industry veteran Louis Birdman has taken a leadership role in the development of over 70 residential projects, comprising more than 18,000 residential units nationwide.

Mr. Birdman has a significant background in property acquisitions, dispositions, entitlements, financing, planning, design, construction, sales, and marketing. Mr. Birdman has been a principal investor and developer in numerous real estate development projects throughout Florida and nationwide, including Las Vegas, Arizona, Colorado, and Texas.

He is also the founder and principal of Louis Birdman Architect, an architectural consulting practice that provides consulting services to developers of real estate in both related and unrelated entities. He has been a registered architect licensed in Florida since 1989 and has held architectural licenses in multiple jurisdictions in the United States, including Chicago, New York, and Nevada.

Mr. Birdman is the co-Developer of One Thousand Museum Residences by Zaha Hadid Architects, a 62-story condominium tower in Miami with 84 half-floor and full-floor residences. One Thousand Museum just completed, ushering in a new era of luxury living in Miami.

Edgardo Defortuna, President, CEO and Founder, Fortune International Group

Photo Credit: Fortune International Group

Edgardo Defortuna is President, CEO and Founder of Fortune International Group, a Miami-based full-service real estate firm recognized throughout South Florida, Latin America and Europe as a leader in high-end luxury real estate. He oversees all of the company's activities across all of its business units.

Mr. Defortuna brings 30+ years of experience in the real estate industry and is considered a visionary and a driving force in South Florida real estate. Since its launch in 1983, Fortune International Group has been a preeminent leader in real estate sales, management, and development, successfully operating and building in South Florida’s best neighborhoods including Brickell, Key Biscayne, Coral Gables, Miami Beach, Aventura, and Sunny Isles Beach. Today, Fortune International Group maintains 18 offices worldwide with over 1000 agents. In addition, its portfolio of developments includes Jade Residences at Brickell Bay, Jade Beach, Jade Ocean, Auberge Beach Residences & Spa Fort Lauderdale, The Ritz-Carlton Sunny Isles Beach, and Jade Signature.

Fortune International Group is well-known around the world, with a strong presence in Latin America. The company has also penetrated the European and Asian markets at full speed, with a special focus on Spain, Britain, France, Turkey, and Russia. Through his company’s success, Mr. Defortuna is widely recognized for having made a significant contribution to the internationalization of Miami and its reputation as a global business, trade and vacation hub.

A pioneer in many areas, Mr. Defortuna can be credited for being of the first Miami developers to align with international “starchitects” to bring his vision to fruition. Fortune International Group has worked with the very best in the world including Herzog & De Meuron, Pierre Yves Rochon, Michele Bonan, Arquitectonica, Carlos Ott and others.

According to Mr. Defortuna, “the keys to successful residential real estate development include market knowledge, construction experience and access to plenty of capital. Equally important are ambition and reputation.”

Shahab S. Karmely, Founder, KAR Properties LLC

Photo Credit: KAR Properties LLC

With 35 years of international real estate experience, Shahab S. Karmely has honed an impressive pedigree in transactional, managerial, and developmental disciplines. These, combined with an extensive background in fine arts and design, are the foundational elements of his development expertise and overall vision. As the founder of KAR Properties LLC, and through KAR and/or its affiliates, Mr. Karmely has acquired, repositioned, and monetized over 3 million square feet of office, luxury mixed-use, and industrial space in the US, Southeast Asia, and Europe. With offices in New York and Miami, KAR currently oversees the management of a core portfolio of assets and a development pipeline in excess of 5 million square feet.

KAR has made a significant entry into the Miami market with acquisitions and investments in excess of $300 million in established and emerging neighborhoods. Mr.Karmely’s background as a developer/owner/manager gives him a unique perspective and invaluable insights in analyzing and implementing the appropriate strategies for a variety of asset classes. He champions innovative and inventive approaches in response to changing market conditions, trends, and new opportunities as is required in today’s dynamic and challenging real estate markets.

Marcelo Kingston, Managing Partner, Multiplan Real Estate Asset Management (REAM)

Photo Credit: Multiplan Real Estate Asset Management

Marcelo Kingston, Managing Partner of Multiplan Real Estate Asset Management (REAM), has more than 20 years of experience in the real estate development and financial sectors throughout the United States and Brazil.

Under Mr. Kingston’s oversight, Multiplan REAM--founded by José Isaac Peres, the internationally-recognized Brazilian developer, and owner of major residential and commercial real estate holdings--is currently developing 57 Ocean, a new, ultra-luxury wellness-inspired oceanfront condominium in Miami Beach. Designed by globally-acclaimed Miami-based firm Arquitectonica, the enclave will feature a limited collection of 81 residences in a one-of-a-kind, elegant and high-profile boutique residential building with luxury amenities.

Mr. Kingston is also the founder and former CEO of PatioMix Shopping Centers, a fully-integrated Brazilian mall company with development, construction, leasing and management capabilities. Active in the industry, as well as his surrounding community, he is a member of the ULI Florida Multifamily Product Council, the Key Biscayne Village Educational Advisory Board, and the Key Biscayne K-8 Educational Excellence School Advisory Council.

Mr. Kingston holds a BA in Finance from Louisiana State University, a Master of Design from the Illinois Institute of Technology, and an MBA from the Stanford Graduate School of Business.

Daniel Kodsi, CEO, Royal Palm Companies

Photo Credit: Royal Palm Companies

Photo Credit: Optimum Development USA

Ricardo Tabet is the co-founder and CEO of Optimum Development USA LLC, a fully integrated real estate and development investment firm with offices in the U.S. and Europe. An accomplished professional with more than 22 years of experience in the real estate industry, Mr. Tabet is widely regarded as a highly respected business executive and successful residential and commercial developer.

Curating, creating and delivering unique, exclusive lifestyle and architecturally distinctive properties, Mr. Tabet specializes in developing ultra-luxury condominiums, high-end retail, strategically located lifestyle boutique hotels and “Class A” office buildings in prime locations throughout the world. Among the company’s most notable recent projects are The Celino Hotel in Miami Beach, a Small Luxury Hotels of the World brand; 160 Imlay in Brooklyn, a luxury residential condominium conversion that was formerly the New York Dock Co.; Labels Berlin 1 and 2 in Germany; and the Exchange Palace in Budapest, a mixed-use project being developed in one of the most renowned buildings in Europe that formerly housed the country’s stock exchange.

As a former senior executive of several large national and international investments firms, Mr. Tabet has been involved in more than $4 billion in real estate transaction deals and has led the acquisitions, repositions and development of major real estate assets in the Middle East, Europe, the United States, and South America. He has also acted as an exclusive representative and real estate investment advisor to many institutions, foreign investment banks, and family wealth management offices.

Mr. Tabet earned his bachelor’s degree in finance and hotel administration from the University of Nevada, Las Vegas and his Master in Business Administration from Harvard Business School.

Eric Fordin, Vice President, The Related Group

Photo Credit: The Related Group

Eric Fordin is a Vice President at The Related Group. His commercial real estate experience spans more than 21 years, with specialization in the acquisition, entitlement, development, financing, sales, and marketing of multifamily and mixed use development projects. 

Since joining Related in 2004, Mr. Fordin has been involved in the development, from concept through construction completion, of over 2,000 units with a value in excess of $3 billion. These projects include the Residences by Armani Casa, Hyde Resort & Residences, Apogee Beach, Beachwalk Resort & Residences, Hyde Beach House, Loft and Loft 2.  

His oversight includes the negotiation of land acquisition and partnership agreements, development budget creation and project fiscal responsibility along with the overall management of the development process including overseeing the team of consultants including general contractors, architects, engineers and designers in the realization of The Related Group projects. 

After earning a bachelor’s degree in sociology from the University of South Florida, Mr. Fordin attended New York University where he completed real estate-related courses in project management, cash flow analysis, and construction essentials for owners and developers. 

Full Schedule of Events at Haute Residence 2020 Luxury Miami Real Estate Summit:

11:00am – 11:30am: Welcome and Registration

11:45am – 1:15pm: Titans of Miami – “East Coast Kings”

Masters of the Miami skyline sound off on where they see the luxury market heading and its evolution.

Developer Panelists: Gil Dezer, Louis Birdman, Dan Kodsi, Shahab Karmely, Marcelo Kingston, Edgardo Defortuna, Ricardo Tabet, Eric Fordin

1:15pm – 1:30pm: Jumbo Loan King

Eric Fessler, expert entrepreneur, has over 30 years of mortgage banking experience closing over $10 billion. Fessler discusses the procurement of jumbo loans in single-family homes along with warranty and non-warranty new condominium developments on a nationwide scale.

1:30pm – 2:30pm: Lunch – Residences by Armani/Casa

Network with the greatest minds of development and brokerage in the luxury real estate market.

2:45pm – 3:45pm: International Power Brokers Panel

Top broker/agents from key international real estate meccas such as Miami Beach, Los Angeles, New York City and Cayman Islands sound off on the latest in market conditions and development.

Panelists: Dolly Lenz and Jenny Lenz (NYC), Mary Ann Osborn (LA), Richard Steinberg (NYC), Cody Vichinsky (NYC) Olivia Hsu Decker (San Francisco) Jay Parker (Miami), Ben Bacal (Hollywood Hills), Michael Goldstein (Miami), Sue Nickason (Cayman Islands)

4:00pm – 5:00pm: Miami Power Brokers

Top South Florida brokers share their knowledge on the evolution and direction of the luxury market today.

Panelists: Jill Eber, Maria Eugenia Alvarez Vitale, Jeff Miller, Lourdes Alatriste, Steve Solomon, Crista Ryan, Sebastian Tettamanti, Christian Martinez

5:00pm: Summit Closing Remarks

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