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

The post One Thousand Museum Secures Inventory Loan Following Record-Breaking Sales appeared first on Haute Residence by Haute Living.

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.