Ian Patterson | 416.588.7644 | [email protected]
Sofie Taskas-Kehdi | 416.433.7113 | [email protected]
miami report
OCTOBER 2011
An in-depth AnAlysis of south fl oridA’s new developer Condominium inventory
miami 2020A l o o K A t t h e
f u t u r e o f
d o w n t o w n m i A m i
miami 2020
A L O O K A t t H E
F U t U R E O F
D O W N t O W N M I A M I
u p d A t e d t h r o u g h s e p t e m B e r 3 0 t h 2 0 1 1
introduCing dAytonA BeACh
In The NewsIn The News
The New York Times - August 18, 2011
The New York Times - July 26,2011
“Do I want to say ‘boom’? ” Philip Spiegelman, a Related ISG executive,
wondered in an interview. “That’s a little overly aggressive, but we clearly
are being rewarded for offering very inexpensive real estate.”
The Miami Herald - November 11, 2011
2nd MiaMi casino site looking for suitorsWith a new investor, the 20 acres of downtown land known as
the Miami World Center is attracting attention from Steve Wynn
and other Vegas players.
World Property Channel - October 24, 2011
MiaMi HoMe sales spike 46% in septeMber, 2011 on pace to sHatter 2005 sales peak
south florida business Journal - October 27, 2011
Related’s Apogee Beach to start
construction in November
the Miami Herald - October 27, 2011genting’s Miami casino would be bigger than Vegas competitorsThe proposed Genting resort is larger than what Vegas Strip hotels offer gamblers — but the developer says that’s the point.
The Real Deal - October 31, 2011
My brickell condo launcHes sales
HEAD LINES
The Real Deal - April 28, 2011
Mayor endorses brickell citicentre “Brickell CitiCentre has the potential to be an anchor for downtown Miami, bringing major retailers and an economic boost to the heart of our city,” Miami Mayor Tomas Regalado.
32
BSP Job #: GANS-005 3Fold 6x12 Client: VIZCAYNE Description: Small Brochure Size: 12" x 6" (flat 12" x 17.875") Bleed: .125" Color: 4c Material: ??? Mech: 1 Date: 03/2/11 7:21 PM Mech Person: GU
We are pledged to the letter and spirit of the U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin. Oral representations cannot be relied upon as correctly stating representations of the developers. For correct representations, make reference to this brochure and to the documents required by section 718.503, Florida statutes, to be furnished by the developer to a buyer or lessee. Obtain the Property Report required by Federal law and read it before signing anything. No Federal agency has judged the merits or value, if any, of this property.
24th & collins. the south beach condos above the gansevoort hotel.
24/7. the magic of south beach is at your feet.
Rostrud dit nulputpat, quat, quisi.Ure consed do et nullut lor sequamc ommolortie
modolobor inisiss equatum volor ilis etum zzrit aliquis nos nos dolorperosto
Rostrud dit nulputpat, quat, quisi.Ure consed do et nullut lor sequamc ommolortie
modolobor inisiss equatum volor ilis etum zzrit aliquis nos nos dolorperosto
Rostrud dit nulputpat, quat, quisi.Ure consed do et nullut lor sequamc ommolortie
modolobor inisiss equatum volor ilis etum zzrit aliquis nos nos dolorperosto
GANS-005 3Fold 6x12.indd 1 3/2/11 7:22:18 PM
dOwnTOwn miami & BRiCkEll
17,50210,130
2,897
TOTALINVENTORY BUILT
SINCE 2005
REMAININGAS OFJANUARY
2009
GREaTER FORT laudERdalE
Available Developer Inventory of Condos built from 2005-2009As of September 30, 2011
10,0015,009
1,148TOTAL
INVENTORY BUILT SINCE 2005
REMAININGAS OFJANUARY
2009
REMAININGAS OF SEPTEMBER
2011
REMAININGAS OF SEPTEMBER
2011
5,135
1,681
194
REMAININGAS OF SEPTEMBER
2011
REMAININGAS OF JANUARY
2009
TOTALINVENTORY BUILT
SINCE 2005
ThE miami BEaChEs(South Beach, Miami Beach, Bal Harbour, Sunny Isles, Aventura, Hallandale/Hollywood Beach)
Available Developer Inventory of Condos built from 2005-2009As of September 30, 2011
Available Developer Inventory of Condos built from 2005-2009As of September 30, 2011
I N T R O D U C I N G
DAYTONA f e a t u r i n g
DAYTONA
2,9382,076
687
2,9382,076
687
TOTALINVENTORY BUILT
SINCE 2004
REMAININGAS OF SEPTEMBER
2011
REMAININGAS OF JANUARY
2007
DAytonA BeACh Total Available Developer Inventory
for New Condominiums Built From 2004-2010
[As of September 30, 2011]
Sources: Integrated Realty Information System (IRIS); Miami-Dade County Property Appraiser; Multiple Listing Service (MLS); Florida Division of Corporations; Google Map and Streets; Internet; project specific Developer owned websites; on-site sales staff (if available) and field visits to each building or site.
54
M I A M I 2 0 2 0D O W N T O W N M I A M I : $ 1 0 B I L L I O N N E W D E V E L O P M E N T I N 2 0 B L O C K S
CITICENTrE(SWIrE)4.6 million sq.ft
Office, Retail, Hotel$700 Million
METJW Marriott HotelBeaux Arts Hotel
MET Square- 4 StoryRetail, Silverscreen
Cinema, Whole Foods
ONE BAyfrONT PLAzA (fECr)4.2 million sq. ft72 Story TowerMixed-use, Office, Hotel, Retail$2 Billion
BISCAyNE BOuLEVArD BEAuTIfICATIONGrand Boulevard Landscaping & Baywalk Links StreetsParks and Bay2010-2015
VIzCAyNETwo 40 Story Towers849 Condos55,000 s.f. Retail$250 Million
Port of Miami TunnelConnects I-395 and
Watson Island to Port
$607 Million
Miami Entertainment
Complex48.000 sq ft
Film Production Studio
$13.6 Billion
Miami World Center(falcone)12 Million sq. ft.Hotel, Retail, Civic Space, Office, Resi-dential$4 Billion
Museum Park29 acresMiami Art MuseumMiami Science MuseumCultural Center$500 Million
resorts World Miami (Genting)14 acresDestination ResortHotels & Residences$3 Billion
Omni (Genting)1.5 million sq.ft.Hilton Hotel, Office, Retail & Potential Casino$400 Million
76
29
3 4
5
96 78
1011
1314
1512
16
18
17
20
21 222423
2526 27
28
30
31
32 33
34
35
36
37
38
39
4243
4445
40 41 4846 47
50 5451 52 53 55
56 57 58 59 60 61
19
49
62
21
BRICKELL1. 500 Brickell East - 500 Brickell Ave.2. 500 Brickell West - 55 SE 6 St.3. 1060 Brickell - 1050 Brickell Ave.4. 1050 Brickell - 1060 Brickell Ave.5. Asia Brickell Key - 900 Brickell Key Blvd.6. Axis South - 79 SW 12 St.7. Axis North - 1111 SW 1st Ave.8. Brickell on the River North - 31 SE 5th St.9. Brickell on the River South - 41 SE 5th St.10. Brickell Station Villas - 100 SW 10th St.11. Brickell View West - 1723 SW 2nd Ave.12. Habitat One - 1701 SW 2nd Ave.13. Icon Brickell Tower I - 465 Brickell Ave.14. Icon Brickell Tower II - 495 Brickell Ave.15. Infinity on Brickell Condo - 60 SW 13th St.16. Latitude on the River - 185 SW 7th St.17. Lofts on Brickell I - 1528 Brickell Ave.18. Lofts on Brickell II - 1650 Biscayne Blvd.19. Los Suenos De Brickell - 145 SW 11th St.20. Neo Vertika - 690 SW 1st Ct.21. One Plaza West Brickell - 1800 SW 1st Ave.22. Park View Towers - 115 SW 11 St.23. Plaza on Brickell North - 950 Brickell Bay Dr.24. Plaza on Brickell South - 951 Brickell Bay Ave.25. Solaris Condo Brickell Miami - 186 SE 12th Terr.26. The Emerald Condo Brickell - 218 SE 14th St.27. The Sail on Brickell - 170 SE 14th St.28. Viceroy Icon Brickell - 485 Brickell Ave.CENTRAL BUSINESS DISTRICT29. 50 Biscayne - 50 Biscayne Blvd.30. Capital Lofts - 117 NE 2nd St.31. Epic West - 200 Biscayne Way32. Vizcayne South - 253 NE 2nd St.33. Vizcayne North - 244 Biscayne Blvd.34. Flagler First Condo - 101 E. Flagler St.35. Ivy Miami Condo - 90 SW 3rd St.36. Met One Condo - 300 S. Biscayne Blvd.37. Mint Condo - 92 SW 3rd St.38. The Loft Downtown II - 133 NE 2nd Ave.39. Wind by Neo - 350 S. Miami Ave.MEDIA & ENTERTAINMENT40. City 24 - 350 NE 24th St.41. Opera Tower - 1750 N. Bayshore Dr.PARK WEST42. 900 Biscayne - 900 Biscayne Blvd.43. Marina Blue - 888 Biscayne Blvd.44. Marquis Condo - 1100 Biscayne Blvd.45. Ten Museum Park - 1040 Biscayne Blvd.WYNWOOD-EDGEWATER46. Cynergi - 2700 N. Miami Ave.47. Edgewater Lofts - 2200 NE 4th Ave.48. Gallery Art - 333 NE 24th St.49. Midblock - 3250 NE 1st St.50. Midtown II (Mid-rise) - 3451 NE 1st Ave.51. Midtown II (Mews) - 3449 NE 1st Ave.52. Midtown II (High-rise) - 3470 E. Coast Ave.53. Midrown IIII - 3301 NE 1st Ave.54. Moon bay - 520 NE 29th St.55. New Wave - 725 NE 22nd St.56. Onyx on the Bay - 665 NE 25th St.57. Palermo - 425 NE 30th St.58. Paramount Bay - 2066 N Bayshore Dr.59. Platinum - 480 NE 30 St.60. Quantum on the Bay - 1900 N Bayshore Dr.61. Star Lofts on the Bay - 712 NE 25th St.62. The 1800 Club - 1800 N Bayshore Dr.
29
3 4
5
96 78
1011
1314
1512
16
18
17
20
21 222423
2526 27
28
30
31
32 33
34
35
36
37
38
39
4243
4445
40 41 4846 47
50 5451 52 53 55
56 57 58 59 60 61
19
49
62
21
BRICKELL1. 500 Brickell East - 500 Brickell Ave.2. 500 Brickell West - 55 SE 6 St.3. 1060 Brickell - 1050 Brickell Ave.4. 1050 Brickell - 1060 Brickell Ave.5. Asia Brickell Key - 900 Brickell Key Blvd.6. Axis South - 79 SW 12 St.7. Axis North - 1111 SW 1st Ave.8. Brickell on the River North - 31 SE 5th St.9. Brickell on the River South - 41 SE 5th St.10. Brickell Station Villas - 100 SW 10th St.11. Brickell View West - 1723 SW 2nd Ave.12. Habitat One - 1701 SW 2nd Ave.13. Icon Brickell Tower I - 465 Brickell Ave.14. Icon Brickell Tower II - 495 Brickell Ave.15. Infinity on Brickell Condo - 60 SW 13th St.16. Latitude on the River - 185 SW 7th St.17. Lofts on Brickell I - 1528 Brickell Ave.18. Lofts on Brickell II - 1650 Biscayne Blvd.19. Los Suenos De Brickell - 145 SW 11th St.20. Neo Vertika - 690 SW 1st Ct.21. One Plaza West Brickell - 1800 SW 1st Ave.22. Park View Towers - 115 SW 11 St.23. Plaza on Brickell North - 950 Brickell Bay Dr.24. Plaza on Brickell South - 951 Brickell Bay Ave.25. Solaris Condo Brickell Miami - 186 SE 12th Terr.26. The Emerald Condo Brickell - 218 SE 14th St.27. The Sail on Brickell - 170 SE 14th St.28. Viceroy Icon Brickell - 485 Brickell Ave.CENTRAL BUSINESS DISTRICT29. 50 Biscayne - 50 Biscayne Blvd.30. Capital Lofts - 117 NE 2nd St.31. Epic West - 200 Biscayne Way32. Vizcayne South - 253 NE 2nd St.33. Vizcayne North - 244 Biscayne Blvd.34. Flagler First Condo - 101 E. Flagler St.35. Ivy Miami Condo - 90 SW 3rd St.36. Met One Condo - 300 S. Biscayne Blvd.37. Mint Condo - 92 SW 3rd St.38. The Loft Downtown II - 133 NE 2nd Ave.39. Wind by Neo - 350 S. Miami Ave.MEDIA & ENTERTAINMENT40. City 24 - 350 NE 24th St.41. Opera Tower - 1750 N. Bayshore Dr.PARK WEST42. 900 Biscayne - 900 Biscayne Blvd.43. Marina Blue - 888 Biscayne Blvd.44. Marquis Condo - 1100 Biscayne Blvd.45. Ten Museum Park - 1040 Biscayne Blvd.WYNWOOD-EDGEWATER46. Cynergi - 2700 N. Miami Ave.47. Edgewater Lofts - 2200 NE 4th Ave.48. Gallery Art - 333 NE 24th St.49. Midblock - 3250 NE 1st St.50. Midtown II (Mid-rise) - 3451 NE 1st Ave.51. Midtown II (Mews) - 3449 NE 1st Ave.52. Midtown II (High-rise) - 3470 E. Coast Ave.53. Midrown IIII - 3301 NE 1st Ave.54. Moon bay - 520 NE 29th St.55. New Wave - 725 NE 22nd St.56. Onyx on the Bay - 665 NE 25th St.57. Palermo - 425 NE 30th St.58. Paramount Bay - 2066 N Bayshore Dr.59. Platinum - 480 NE 30 St.60. Quantum on the Bay - 1900 N Bayshore Dr.61. Star Lofts on the Bay - 712 NE 25th St.62. The 1800 Club - 1800 N Bayshore Dr.
downTown mIamI & BRICKELL - BuILdInG By BuILdInG the ReALIty IS: 62 BUILDInGS. 80% SoLD. onLy 2,897 UnItS ReMAIn.
29
3 4
5
96 78
1011
1314
1512
16
18
17
20
21 222423
2526 27
28
30
31
32 33
34
35
36
37
38
39
4243
4445
40 41 4846 47
50 5451 52 53 55
56 57 58 59 60 61
19
49
62
21
BRICKELL1. 500 Brickell East - 500 Brickell Ave.2. 500 Brickell West - 55 SE 6 St.3. 1060 Brickell - 1050 Brickell Ave.4. 1050 Brickell - 1060 Brickell Ave.5. Asia Brickell Key - 900 Brickell Key Blvd.6. Axis South - 79 SW 12 St.7. Axis North - 1111 SW 1st Ave.8. Brickell on the River North - 31 SE 5th St.9. Brickell on the River South - 41 SE 5th St.10. Brickell Station Villas - 100 SW 10th St.11. Brickell View West - 1723 SW 2nd Ave.12. Habitat One - 1701 SW 2nd Ave.13. Icon Brickell Tower I - 465 Brickell Ave.14. Icon Brickell Tower II - 495 Brickell Ave.15. Infinity on Brickell Condo - 60 SW 13th St.16. Latitude on the River - 185 SW 7th St.17. Lofts on Brickell I - 1528 Brickell Ave.18. Lofts on Brickell II - 1650 Biscayne Blvd.19. Los Suenos De Brickell - 145 SW 11th St.20. Neo Vertika - 690 SW 1st Ct.21. One Plaza West Brickell - 1800 SW 1st Ave.22. Park View Towers - 115 SW 11 St.23. Plaza on Brickell North - 950 Brickell Bay Dr.24. Plaza on Brickell South - 951 Brickell Bay Ave.25. Solaris Condo Brickell Miami - 186 SE 12th Terr.26. The Emerald Condo Brickell - 218 SE 14th St.27. The Sail on Brickell - 170 SE 14th St.28. Viceroy Icon Brickell - 485 Brickell Ave.CENTRAL BUSINESS DISTRICT29. 50 Biscayne - 50 Biscayne Blvd.30. Capital Lofts - 117 NE 2nd St.31. Epic West - 200 Biscayne Way32. Vizcayne South - 253 NE 2nd St.33. Vizcayne North - 244 Biscayne Blvd.34. Flagler First Condo - 101 E. Flagler St.35. Ivy Miami Condo - 90 SW 3rd St.36. Met One Condo - 300 S. Biscayne Blvd.37. Mint Condo - 92 SW 3rd St.38. The Loft Downtown II - 133 NE 2nd Ave.39. Wind by Neo - 350 S. Miami Ave.MEDIA & ENTERTAINMENT40. City 24 - 350 NE 24th St.41. Opera Tower - 1750 N. Bayshore Dr.PARK WEST42. 900 Biscayne - 900 Biscayne Blvd.43. Marina Blue - 888 Biscayne Blvd.44. Marquis Condo - 1100 Biscayne Blvd.45. Ten Museum Park - 1040 Biscayne Blvd.WYNWOOD-EDGEWATER46. Cynergi - 2700 N. Miami Ave.47. Edgewater Lofts - 2200 NE 4th Ave.48. Gallery Art - 333 NE 24th St.49. Midblock - 3250 NE 1st St.50. Midtown II (Mid-rise) - 3451 NE 1st Ave.51. Midtown II (Mews) - 3449 NE 1st Ave.52. Midtown II (High-rise) - 3470 E. Coast Ave.53. Midrown IIII - 3301 NE 1st Ave.54. Moon bay - 520 NE 29th St.55. New Wave - 725 NE 22nd St.56. Onyx on the Bay - 665 NE 25th St.57. Palermo - 425 NE 30th St.58. Paramount Bay - 2066 N Bayshore Dr.59. Platinum - 480 NE 30 St.60. Quantum on the Bay - 1900 N Bayshore Dr.61. Star Lofts on the Bay - 712 NE 25th St.62. The 1800 Club - 1800 N Bayshore Dr.
*Representing Buildings Built From Mid 2005 through Dec. 31, 2009While ISG strived to make the information in this Report as timely and accurate as possible, third party sources were used and ISG therefore makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this Report and expressly disclaims liability for errors and omissions in its contents.
9
100% SOLD OUT
75%- 99% SOLD OUT
50%- 74% SOLD OUT
Under 50% SOLD OUT
Uptown Lofts (Sold Out)
Atrium (2)
3030 (22)
Eastside (Sold Out)
Alaqua (Sold Out)
Terzetto (54)
Venture West (Sold Out)Venture East (Sold Out)
Artech (11)
while ISG strived to make the information in this Report as timely and accurate as possible, third party sources were used and ISG therefore makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this Report and expressly disclaims liability for errors and omissions in its contents.
*Representing Buildings Built From Mid 2005 through Dec. 31, 2009
Peninsula II (18)
Canyon Ranch South (Sold Out)Canyon Ranch Center (Sold Out)Canyon Ranch North (77)
Caribbean North Tower (Sold Out) Caribbean South Tower (Sold Out)
Terra Beach Villas (14)
Mosaic (Sold Out)
MEI (5)
Nobe Bay (Suspended)
Casablanca (Sold Out)
Cabana (Suspended)
while ISG strived to make the information in this Report as timely and accurate as possible, third party sources were used and ISG therefore makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this Report and expressly disclaims liability for errors and omissions in its contents.
Fountainebleau III (Sold Out)
Regatta (Sold Out)
6000 Indian Creek (Sold Out)
Arte City - The Governor (18)Arte City - Artepark North (34)Arte City - Artepark (39)
Cipriani South Beach (Suspended)
63 Nobe (7)
24th & Collins (255)
W South Beach Residences (133)
Boulan (Parc Place) (28)
Apogee South Beach (Sold Out)
Continuum II North (24)
Capri South Beach 14)
South of Fifth (26)
*Representing Buildings Built From Mid 2005 through Dec. 31, 2009
9
100% SOLD OUT
75%- 99% SOLD OUT
50%- 74% SOLD OUT
Under 50% SOLD OUT
100% SOLD OUT
75%- 99% SOLD OUT
50%- 74% SOLD OUT
Under 50% SOLD OUT
AVENTURA
ONLY 107 UNITS REMAIN
10 Buildings Built
1,698 Units Delivered
1,591 Units Sold
SOUTH BEACH &
MIAMI BEACH
ONLY 674 UNITS REMAIN
26 Buildings Built
2,572 Units Delivered
1,898 Units Sold
(374 Units On Hold or Construction Suspended)
1110
St. Tropez Tower I (5)St. Tropez Tower II (14)St. Tropez Tower III (72)
Acqualina (Sold Out)
Trump Tower I (Sold Out)Trump Tower II (10)Trump Tower III (57)
Solis (Suspended)
Ocean 4 (Sold Out)
Turnberry Ocean Colony S (Sold Out)Turnberry Ocean Colony N (Sold Out)
1
Jade Beach (Sold Out)
Jade Ocean (2)
while ISG strived to make the information in this Report as timely and accurate as possible, third party sources were used and ISG therefore makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this Report and expressly disclaims liability for errors and omissions in its contents.
*Representing Buildings Built From Mid 2005 through Dec. 31, 2009
SUNNY ISLES
Harbour House (9)
St. Regis North Tower (47)St. Regis Center Tower (Sold Out)St. Regis South Tower (54)
*Representing Buildings Built From Mid 2005 through Dec. 31, 2009
100% SOLD OUT
75%- 99% SOLD OUT
50%- 74% SOLD OUT
Under 50% SOLD OUT
12 13
BAL HARBOUR
ONLY 110 UNITS REMAIN
2 Buildings Built
725 Units Delivered
615 Units Sold
100% SOLD OUT
75%- 99% SOLD OUT
50%- 74% SOLD OUT
Under 50% SOLD OUT
SUNNY ISLES
ONLY 160 UNITS REMAIN
11 Buildings Built
2,264 Units Delivered
2,104 Units Sold
(130 Units On Hold or Construction Suspended)
7
910
11
22
23
while ISG strived to make the information in this Report as timely and accurate as possible, third party sources were used and ISG therefore makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this Report and expressly disclaims liability for errors and omissions in its contents.
2,946 Units Built674 Units for sale 26 BUILDINGS*
1
23
4
5
6
8
12
13
14 15
16
1718
19
20 21
24
25
26
27
29
28
30
31
32
33
34
35
36
3738
39
40
41
42
45
44
43
4647
48
49
50
1
12 3
4
56
1
2
3
4
3
1
2
3
4
6
7
8
9
10
5
12
44
4
4
HALLANDALE | HOLLYWOOD2,238 Units Built97 Units for sale9 BUILDINGS*
MIAMI BEACH | SOUTH BEACH
SUNNY ISLES2,394 Units Built160 Units for sale11 BUILDINGS*
BAL HARBOUR725 Units Built110 Units for sale 2 BUILDINGS*
1
2
3
4
AVENTURA1,698 Units Built107 Units for sale10 BUILDINGS*
9
10
7
12
1
2
3
4
5
6
8
15
13
1617
19
14
18
20
21
22
23
24
25
26
17,502 Units Built2,897 Units for sale 62 BUILDINGS*
Downtown Miami | Brickell
Duo East (Sold Out)Duo West (Sold Out)
Beach Club (Sold Out)
Ocean Marine Yacht Club (Sold Out)
Radius (Sold Out)
Regent Park (Sold Out)
Ocean Palms (Sold Out)
Diplomat (Sold Out)
Trump Hollywood (97)
HALLANDALE/HOLLYWOOD
*Representing Buildings Built From Mid 2005 through Dec. 31, 2009
while ISG strived to make the information in this Report as timely and accurate as possible, third party sources were used and ISG therefore makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this Report and expressly disclaims liability for errors and omissions in its contents.14 15
100% SOLD OUT
75%- 99% SOLD OUT
50%- 74% SOLD OUT
Under 50% SOLD OUT
ONLY 97 UNITS REMAIN
9 Buildings Built
2,238 Units Delivered
2,141 Units Sold
Ev
Er
gla
dE
s
while ISG strived to make the information in this Report as timely and accurate as possible, third party sources were used and ISG therefore makes no claims, promises, or guarantees about the accuracy, completeness, or adequacy of the contents of this Report and expressly disclaims liability for errors and omissions in its contents.
GREATER FORT LAUDERDALE
*Representing Buildings Built From Mid 2005 through Dec. 31, 2009
SunriSe1. Artesia2. Tao Sawgrass
Plantation3. Veranda
Fort lauderdale4. Lauderdale One5. Lauderdale Tower6. Le Cercle 7. Porto Venezia
Fort lauderdale Beach8. Sapphire Condominium North9. Sapphire Condominium South10. Symphony Tower One11. Symphony Tower Two12 Fountains on Ocean Blvd. North13. Fountains on Ocean Blvd. South14. Ritz Carlton [Castillo Grand Residences]15. Las Olas Beach Club16. The Vue North17. The Vue South
downtown Fort lauderdale 18. Nola Lofts 19. Strada 31520. Foundry Lofts 21. The Mills Lofts22. Avenue Lofts Condo Two23. Avenue Lofts Condo Three24. Avenue Lofts Condo Four25. Avenue Lofts Condo Five26. Coconut Grove Residences
laS olaS27. Aria 28. Place Des Arts29. 45 Hendricks 30. The Meritage31. Las Olas by the River32. Nu River Landing33. 350 Las Olas Place34. Las Olas Grand35. Watergarden36. Las Olas River House37. Sole at Fort Lauderdale38. The Port Condo39. Waverly at Las Olas
100% SOLD OUT
75%- 99% SOLD OUT
50%- 74% SOLD OUT
Under 50% SOLD OUT
17
ONLY 194 UNITS REMAIN
39 Buildings Built
5,135 Units Delivered
4,941 Units Sold - Over 95%
RELATED·ISG:Miami’s real estate dream team
It seemed like the union that was bound to happen:
Florida’s most prolific developer of luxury condominiums joined with Florida’s most successful marketer of luxury condominiums. Related Group and International Sales Group. Together at last, as – what else – Related ISG.
Earlier this year, as Related owner Jorge Perez and top exec Matt Allen planned the re-emergence of Related Group in Florida’s renaissance condo market, they knew one of the keys was a tested sales partner with a deep talent team and a proven international network. It didn’t take long for them to focus on ISG’s Philip Spiegelman and Craig Studnicky.
They had built ISG into the top condo sales firm in Miami’s 2011 market, trusted by the big financial players re-launching South Florida properties. They rolled out the biggest project in downtown Miami, Vizcayne, and then the biggest project on Miami Beach, Gansevoort.
Their international division, led by Sergio Pintos, was well-known and trusted by the all-important community of Latin American real estate brokers.
They had the pipeline. Related had the upcoming product.
After a brief courtship over the summer, Related ISG was born, and launched with the opening of offices in downtown Miami and on Miami Beach.
“Jorge and Matt are very, very focused on the kind of products and opportunities the market will respond to over the next
5 years. They have the knowledge, the experience and the wherewithal to fine tune and fine tune until they have exactly the right product, in the right place, at the right time,” says Spiegelman.
“That plays perfectly to our own knowledge of international buyers and their brokers, and our market-proven ability to package and present products, as well as unique opportunities, to the right audience.”
As Craig Studnicky adds, “Everyone says on paper this looks like the dream team, but now they are watching to see how we put it into action. We are going to exceed every expectation. But that means we need to sweat the small stuff as we roll out these projects. The first is Apogee Beach in Hollywood – the most expensive new property on a South Florida beach – and we’re already 50% spoken for before opening. What we are doing there is a unique new way of selling. And for this and the other properties on the horizon, we are going to be very well-prepared and very confident that these are so well thought-out, they are literally irresistible. We are the only developer-sales team partnership that can do that. It’s a unique advantage.”
In addition to Apogee Beach, Related ISG will be launching new properties on Brickell and elsewhere in South Florida 2012. For updates, check in at www.relatedisg.com
Philip Spiegelman and Craig Studnicky
“ We have the pipeline. Related has the product.”
VIZ-111 ApplesToOranges_NOV_advert.indd 1 10/28/11 3:17:34 PM
HEAD LINES
the Miami Herald - June 9, 2011
Plans for new South Florida condo projects
count on cash from Latin America
the sun sentinel - June 10, 2011
Jorge perez partnership to
build more luxury condos
soutH florida business Journal - June 9, 2011
Related, ISG create alliance
The Real Deal - June 9, 2011
related’s Jorge perez forMs new sales coMpany
GlobeSt.com - June14, 2011
tHe related group’s condo recoVery deal
1918
As seen in
APPLes TO ORAnGes
Supplement from Wall Street Journal