ONE SIR recently joined the mayor of Miami Beach, Philip Levine, to celebrate the groundbreaking of L’Atelier Miami Beach, located at 6901 Collins Avenue.
This luxury residence, being built in collaboration with Holly Hunt Design, is now in the first stage of construction and will begin going vertical soon!
L’Atelier will feature half-floor, full-floor and penthouse residences with expansive balconies, and panoramic ocean and city views. Inspired by excellence, L’Atelier embraces the glamour and exclusivity of Miami Beach, offering 5-star amenities for residents. A beach area, oceanfront infinity pool, spa facility, beauty salon, state-of-the-art gym, and more will be for the private use of L’Atelier residents.
We are excited to represent this exclusive new project. Get more information at the L’Atelier website.
Two of Miami’s top showrooms are keeping their A-game strong with new eye-catching acquisitions.
Monica James and Co. has become the exclusive Southeastern retailer of Parisian interior designer Jean-Louis Deniot’s capsule collection for British upholsterer George Smith. Among nine styles of neoclassical seating, the customizable spoon-backed Susannah dining chair (shown here in Napoli Granito and Napoli Rubino fabrics with stained wood legs) suits South Florida to a T.
Fans of Miami-based designer Luis Pons will want to check out his new Curved Bar at NIBA Home. The piece is part of Pons’ delightfully clever Frames collection and is crafted from chunky picture frames in gold, silver, and black, and a carved wooden top that mirrors every groove. Find these retailers at 140 NE 40th St., 305.576.6222, monicajames.com & 39 NE 39th St., 305.573.1939; nibahome.com.
ONE SIR is in Mexico presenting at the Expo Inversión Inmobiliaria. Agents in the Development Division are presenting our exclusive developments Metropica, Brickell City Centre, L’Atelier, Riva Fort Lauderdale, Turnberry Ocean Club, One Thousand Museum and Boulevard 57 to international buyers and brokers. Over the course of two days our agents exhibited these exclusive projects, fielding questions and generating interest in the exciting Miami real estate market.
The Expo Inversión Inmobiliaria is happening in Mexico for the first time this year. It is the main event for business and real estate investment in Latin America. ONE SIR is excited to present some of its finest projects to this important international audience.
There is no doubting the strength of the Latin American buyer in our market. ONE SIR is continuously improving efforts to target the most qualified buyers in this area; having an active presence at major real estate events in Latin America is just part of our campaign.
Pinta Miami is the only curated Latin American art exhibit occurring during Art Basel. ONE SIR will be their official real estate sponsor, operating a large booth at the exhibit’s entrance to showcase our general listings, One Thousand Museum, and Turnberry Ocean Club.
Pinta Miami will be open December 1 by invitation only, and December 2-6 with purchase of tickets. Six curated sections comprise Pinta Miami: Pinta Modern, Pinta Contemporary, Pinta Photography, Pinta Drawing, Pinta Project, and Pinta Forum. There will also be a featured section devoted to the promotion of the editorial sector specializing in the countries represented at their Art Basel event.
The show will be located at Mana Wynwood 318 NW 23 Street, Miami. For ticketing and more information visit the Pinta Miami website.
November 19-20, Sotheby’s Auction House in New York is offering Latin American Art presented in two sales — Latin America: Modern Art and Latin America: Contemporary Art. The Latin American Art Department at Sotheby’s has grown from a predominantly Mexican art section offered within our Modern Art sales, to world renowned biannual auctions that include over 200 years of artistic tradition in the region.
Figurative works in the style of traditional landscape painting, portraiture, Cubism, Mexican Muralism, Surrealist, Social Realism, and Hyper-Realism showcase the best of the 19th-20th century. Highlights include leading artists such as Fernando Botero, Rufino Tamayo, Leonora Carrington, Joaquín Torres-Garcia, Jesús Rafael Soto and Adriana Varejao.
As a firm with deep connections in Latin American spheres on personal and professional levels, we look forward to being present at these important sales. We are also a proud sponsor of the internationally significant event. Our booths will be presented alongside important works, allowing auction attendees to browse our agent’s luxury listings and firm developments. We will also be networking closely with our New York colleagues, continuing to enhance our strong referral network. Follow our corporate accounts as we report live from the auction house with #SothebysArt.
A booming global market is resulting in recent unprecedented sales in the auction world. In Geneva, Sotheby’s nearly $161 million in sales at Magnificent Jewels and Noble Jewels shattered the category’s record worldwide. Almost every one of the 484 lots was snapped up, including the top draw: a 25.59-carat Burmese stone known as the Sunrise Ruby. Its final price—$30.3 million—broke records both for a ruby at auction and for any stone by maker Cartier.
On the art front, Sigmar Polke’s retrospective at the Museum of Modern Art in New York last year greatly increased his cachet. At a Contemporary Art Evening Auction, his Dschungel (Jungle) set a record for the German artist, fetching $27.13 million. The same night, Christopher Wool’s Riot brought in nearly $30 million—well over the estimated $18 million—breaking the record for any living American artist. Top seller of the night: Mark Rothko’s Untitled (Yellow and Blue), previously owned by Bunny Mellon, sold for $46.5 million.
UPCOMING SOTHEBY’S SALES:
November 19–20: Latin America: Modern Art and Latin America: Contemporary Art, New York
December 11: La Bibliothèque de Pierre Bergé, Paris
December 15–16: 20th Century Design, New York
January 20–21: Property from the collection of Irvin and Anita Schorsch: Hidden Glen Farms, New York
Le Palais Royal in Hillsboro Beach, Fla. is listed for $159 million. This 60,500 square foot mansion was modeled after the Palace of Versailles and sits on approximately 4.5 acres of land between the Atlantic Ocean and the Intracoastal Waterway. The waterfront estate features a main house, two guesthouses and an extensive entertainment area.
The project manager, Joseph Leone, has been working on the estate for the past seven years – buying an adjacent lot on which the guesthouses are built and supervising the construction of an entertainment complex that includes an ice-skating rink, a go-kart track, a nightclub and a bowling alley. The property has six waterfalls and multiple pools, including a plunge pool on the master suite balcony and a 4,500 square foot infinity pool with swim-up bar and water slide.
Leone’s goal was to create “something completely different than what’s been done in America.” Le Palais Royal is a grand estate and ONE SIR is excited to have the listing!
VIP brokers and guests all came together at The Mansions At Doral for a fun night to celebrate the opening of its model unit. Developers Juan Carlos Tovar and Sergio Pino welcomed the attendees by introducing the project, and inviting guests to browse the residence. Sipping champagne, the attendees toured the model unit, taking in the chic decor and modern finishes.
Starting at $1.2 million, the residences at The Mansions At Doral will be built to the specific desires of the buyers. There are more than 100 customization options and 35 floor plans from which to choose. Each residence will have top of the line finishes and amenities, but remain uniquely yours.
A pair of young designers have just been given the opportunity to follow in the footsteps of Frank Lloyd Wright and put their stamp on the Guggenheim brand. The Guggenheim has long been synonymous with high art and design, with museums in New York; Bilbao, Spain; and Abu Dhabi all designed by Wright. But the newest addition in Helsinki, Finland will be designed by Paris-based firm Moreau Kusonoki Architectes.
The Solomon R. Guggenheim Foundation, along with the city of Helsinki, held its first open architectural competition to find just the right design for its new museum in Helsinki’s South Harbor area, near the historic city center. The highly visible site means the project will be an important piece of architectural eye candy for the city, as it immediately comes into view for passengers pulling into the harbor on cruise ships. More than 1,700 firms submitted proposals, with the six ultimately selected as finalists presented during “Guggenheim Helsinki Now,” an exhibition at the Kunsthalle Helsinki. This summer, a winner was announced: “Art in the City,” a proposal by Moreau Kusunoki Architectes.
Founded by Nicolas Moreau and Hiroko Kusonoki in 2001, the firm is known for projects like the plaza at the Paris District Court at Porte de Clichy. For the Guggenheim Helsinki, Moreau Kusunoki began with the traditional waterfront vernacular: A series of linked pavilions with upswept rooftops in different configurations is anchored by a kind of lighthouse—a lit, translucent tower that serves as a beacon for the city at night. A charred-lumber facade is intended to honor the regeneration of the great forests of Finland. Moreau and Kusunoki say the journey has just begun: “The adventure now continues with the Solomon R. Guggenheim Foundation, the people of Helsinki, and lovers of architecture and art.”
We are excited to present the Q3 TRENDS Report, a comprehensive analysis of South Florida’s current real estate market, which highlights key data for top neighborhoods in both Miami Dade and Broward counties. Created to provide updated insight into key luxury markets, the TRENDS Market Report for Q3 is a snapshot of South Florida real estate. The comprehensive report examines the Miami-Dade and Broward County markets in depth, including short descriptions of YTD trends by specific neighborhood, statistics and prices.
Luxury market data for Miami-Dade demonstrates that overall single family and condo pricing is up more than 4 percent between Q3-2014 and Q3-2015. Notably, both the SF and Condo market saw a decline in the total number of transactions and the average price per transaction; this is due to smaller average home sizes. Pricing appears to be stabilizing following two strong years of price appreciation. The sector demonstrating the largest overall appreciation was luxury waterfront single-family homes, at 6 percent year-over-year despite an 8 percent decline in overall activity.
Broward County single-family transaction data demonstrates robust activity in all segments, luxury and non-luxury waterfront and non-waterfront homes. Overall the Broward market is up 10 percent in total transaction activity year over year. While pricing remained stable for the waterfront condo market transaction, total activity declined 15 percent. The non-waterfront homes showed strong price gains (5-8 percent) while waterfront prices declined slightly (1-3 percent) overall. With only an $80 – $100/SF price difference between waterfront and non-waterfront, and a $200/SF difference between condo waterfront and single-family waterfront, we expect stronger forward appreciation in Broward single-family waterfront into 2016.
We hope that you find the report useful and insightful as you explore the dynamic South Florida housing market. Please reach out to a ONE Sotheby’s International Realty agent for property-specific advice; we stand ready to assist with further questions and comments!