Recent Prominent Real Estate Transactions and Developments – Miami Beach and Lincoln Road:

OFFICE:

• Starwood Global Headquarters: completing construction 2021. 144,000 SF of Class “A” office space. Will be Starwood’s global headquarters (market cap approx. $5B).
• Jefferson Bancroft: $47M Acquisition + $20M redevelopment. 50,000 SF of Class A office space as well as 50,000 SF of elevated cuisine (LDV Hospitality) and spa services for the exclusive use of the office tenants. Focused on Family Offices & Hedge Funds. 210 dedicated parking spaces. Oceanfront.
• Eighteen Sunset – Sunset Harbour: Approx. 32,000 SF of Class “A” office space, private luxury residence and 15,000 SF of retail. Breaking ground November 2021.
• Related Company’s 160,000 SF Terminal Island Class “A” office building 
• 944 5th Street: 56,177 SF Class “A” office building 
• Two new office tenants on Meridian Ave (lets identify) 

HOTELS:

• Ritz Carlton: Acquired the Sagamore Hotel in a new partnership. Plans for a 200’ tower addition with 50 Ritz private residences and 60 new hotel rooms. Two new F&B installations including Bagatelle. $500M project
• Raleigh: $500M redevelopment of the Raleigh and two adjacent hotel properties. Approved for a new luxury residential tower and 5-star hotel. Acquisition was $243M. Project approved. Luxury Residential/Hotel/Restaurant.
• Delano Hotel: Acquired by Eldridge (Cain International) in 2020. Property is being renovated and repositioned.
• Esme Hotel on Espanola Way: 145 rooms plus restaurants.
• Grand Hyatt Convention Center Hotel: Approx $400M development. 800 rooms
• two floors of meeting spaces and ballrooms, a pool deck on the fifth floor and ground-floor retail space. An elevated skybridge will link to the Convention Center at the intersection of 17th Street and Convention Center Drive. Projected opening 2023.
• Thompson Hotel: Permits issued and broke ground. Corner of 17th &  Washington. (150 rooms)
• Aman:  56 hotel rooms & 39 residences. (100 rooms including new tower)
• Bulgari: 100 rooms (including new tower)

RESTAURANTS:

• Andres Carne de Res: perhaps the most well-known restaurant in Bogota leased an entire building and rooftop on the 500 block of Lincoln Road
• Harry’s by famed Chef Michael Schwartz: OPEN!
• Carbone!
• 404 Washington: a new 11,000 SF restaurant by Major Food Group
• 119 Washington Ave: Gordon Ramsey’s Alley Cat (his first S. Fla restaurant) 
• Firestone & Groot Hospitality: Winkers, Sushi Fly, Tooth Fairy.
• Tacombi: in for permits
• 1212 Lincoln Road: Sadelles
• Kassaki Omakase (South Pointe Dr)

LUXURY RESIDENTIAL:

• Starwood/Mast Capital project: 5333 Collins (122 Luxury Residential Units)
• Mast Capital & Rockpoint: 4000 Alton Road project
• Multi-plan project (57 Ocean/5700 Collins Ave)
• Multi-plan project on Ocean Drive (304 Ocean Drive)
• 500 Alton Road ($445M) 280 residential units PLUS 3-acre public park & signature pedestrian bridge to Miami Beach Marina. Under construction.

RETAIL:

• YoYoSo: First store in Florida is under construction on Lincoln Road
• Lululemon: moving into larger space on the 800 block of Lincoln Road
• Amazon Four Star: under construction at 700 Lincoln Road. Amazon’s true retail store highlighting its best reviewed products and changing inventory frequently.