Showing posts sorted by relevance for query Miami. Sort by date Show all posts
Showing posts sorted by relevance for query Miami. Sort by date Show all posts

Friday, January 23, 2015

Miami's Having A Big Penthouse Boom

Five years ago, the housing market was in such bad shape in Miami that developers stopped building. Today, 94 towers are under construction–three featuring penthouses with price tags of $50 million or higher. Two with similar list prices have already gone into contract.

Before the current $50 million penthouse boom, Miami’s highest-priced home traded hands for $47 million when a Russian acquired an Indian Creek compound back in 2012. That deal is, in fact, still the highest closed sale on record–and was for a 30,000-square-foot single-family home set on two acres, not an apartment. To date no condominium has closed anywhere near that record price. The highest recorded condo sale for Miami is the $34 million paid for two triplex penthouses–spanning a 16,271 square feet across three levels–at The Residences at Miami Beach EDITION, the hotel-condominium by Studio 54 cofounder-turned-hotelier Ian Schrager.

But neither record will stand much longer. Faena House, a luxury tower designed by starchitect Norman Foster, is under contract for a figure north of its $50 million list price; it’s practically common knowledge in Miami that the 18,253-square-foot duplex penthouse fetched $60 million, though that can’t be confirmed until the deal closes. Regardless, Faena has been a big hit, selling out to buyers including Lloyd Blankfein, Larry Gagosian, and Leon Black. The penthouse buyer remains a mystery.

Now, more developers are trying to ring in similar sales. In addition to the three listings of $50 million or more, a fourth luxury penthouse is now listed at $49 million; three more have price tags of $40 million. “When the owners of these properties see and hear what something has sold for, everybody thinks theirs is the best–so the numbers go on accordingly,” explains Jill Eber, half of the power broker duo The Jills.

Developer Ian Bruce Eichner is the latest  to get into the game, announcing in early January that his four-floor penthouse at the Continuum South Beach 2 is for sale with a price tag of $50 million ($4,519/sf). The apartment was built more than a decade ago, in 2002; its price tag reflects a $5 million (optional) overhaul by high-end Miami-based interior decorator Steven G.

The Faena Group, too, is trying to capitalize on its own success. In November the company announced it would list a penthouse in the former Saxony Hotel, now known as the Faena Hotel Residences Miami Beach, for $55 million ($5,624/sf). The 15th- and 16th-story duplex will reportedly have 9,780 square feet, with six bedrooms and five full- and four half-baths, plus interior design by Hollywood’s Baz Luhrmann, director and producer of “Romeo and Juliet,” “Moulin Rouge” and “The Great Gatsby.”

Developer Don Peebles has priced his Bath Club Estates penthouse at $50 million ($5,435/sf). The 9,200-square-foot triplex penthouse comes with its own private pool, and tops a building that has only 13 residences. Separately, Peebles is marketing two second- and third-floor duplexes as a single 18,000-square-foot mega complex, listed together for $44 million. Douglas Elliman’s Chad Carroll and Chris Leavitt, stars of Bravo’s Million Dollar Listing Miami, share the listing.

In addition to the $50 million (list price; $2,739/sf) penthouse at Faena House, two penthouses priced similarly at the Mansions at Acqualina have already sold, though the buyers and exact prices remain unknown. First marketed as “Palazzo d’Oro” by the Trump Group (no relation to Donald Trump), the 46th and 47th floors were combined into a duplex and listed for $55 million. When a buyer wanted just the 47th floor, the developer repackaged the 45th and 46th floors as a separate duplex penthouse, “Palazzo di Ricchezze,” which was listed for $50 million (at 15,000 square feet, that would be $3,333/sf). That unit has also sold.

How many massive $50 million penthouses can the Florida market absorb? Brokers say definitely more. “There are not that many luxury penthouses on the market,” says Craig Studnicky, principal at International Sales Group, which is selling the Echo Brickell condominiums for developer Kevin Maloney’s Property MarketsGroup. “There are eight or nine more of these to buy right now.”

Brokers say that global economic instability—plus New York’s cold winter weather—will take care of the priciest units that are still up for grabs. Hedge funders from New York as well as South Americans, Asians, Russians, and Europeans looking for safe harbor for their money make up the ultra-high-end pool of buyers. “We’ve seen a general trend of people looking for larger apartments,” says Jeff Miller, the Zilbert International Realty agent who brought the buyer to the Faena House penthouse. “A lot of our clients have asked us to help them acquire the apartment next door.” His gets inquiries from Brazilians, Venezuelans, Argentines, Italians, Russians, Turks, and Americans, many from New York.

Over the past decade, Miami has gained attention as a destination that can attract the world’s rich, thanks to its luxury high rises, beach climate, and attractions like the Art Basel Miami festival. Knight-Frank’s ranked Miami 7th in its 2014 annual global cities list, based on economic activity, quality of life, influence and political power, and the number of ultra-high net worth people who live there. Developers have also brought in famed “starchitects” like Norman Foster and Zaha Hadid in an attempt to attract high-end buyers to their buildings.

“We have buyers coming in from all over the world, whether it’s political unrest, or capital flight, or people coming from up north for income tax reasons,” adds Jill Hertzberg, the other half of The Jills. “Miami Beach has become the land of opportunity.”

This is a marked change from the height of the housing downturn, when building in South Florida simply dried up. The first condo tower to sell after the recession was billionaire Jorge Pérez’s Apogee Beach. Pérez, CEO of the Related Group of Florida, required buyers to put up 80% before the sale closed (which happens when the unit is completed and delivered to the buyer)—a previously unheard-of figure. But in the fall of 2011, the condos began selling, averaging just under $500 per square foot. Schrager’s EDITION followed (units are now being delivered), as did starchitect Richard Meier’s Surf Club, and Norman Foster’s Faena House—the development that has set the bar in terms of sales.

Now, the Trump Group, which developed the Acqualina Resort and Spa on the Beach and the Mansions at Acqualina, will price its 13,000-square-foot penthouse in its next development, the South Tower of the Estates at Acqualina, at $40 million ($3,077/sf). A 10,500-square-foot penthouse at PMG’s Echo Brickell in downtown Miami recently upped its list price to $40 million ($3,810/sf) from the original $37 million. Starchitect Zaha Hadid’s 15,700-square-foot penthouse at One Thousand Museum, also in downtown Miami, was bumped up in price from $45 million to $49 million ($2,866/sf) in November. Finally, the 10,000-square-foot penthouse at the Ritz-Carlton Residences Miami Beach is also listed at $40 million ($3,333/sf).

As condo prices have risen, so have the number of Miami-based realtors: from 24,000 in 2009 to 35,000 at end of 2014, says Peter Zalewski, a former journalist who tracks condo projects and sells the data via his consulting firm, Since 2011, 316 South Florida condo towers–with some 40,600 units in Miami-Dade, Broward, and Palm Beach counties–have been announced, according to Zalewski. Developers have completed 20 condo buildings with nearly 1,200 units, and another 94 towers with 11,600 units are under construction. “I am still bullish on the South Florida preconstruction condo market as I think a number of these projects simply won’t get built for a number of reasons including the amount of information that is currently available,” Zalewski said via email.

It’s not just condominiums setting record list prices in South Florida. At $139 million, Le Palais Royal in Hillsboro Beach (halfway between Fort Lauderdale and Boca Raton) is currently the most expensive home for sale in Florida, and the third-highest listing in the country. Higher price tags still belong to the Hamptons’ Briar Patch Estate, which is listed for $140 million, and to Jeff Greene’s $195 million Beverly Hills spread, Palazzo di Amore.

Thursday, February 24, 2022

Made In Philly Wants His Legacy to be The Change in Miami

Hip-Hop artist, Founder, Creator, and CEO of Miami Pop Up, Michael McDonald, is revolutionizing the Miami Music Scene through his legacy. As a local Miami Hip-Hop artist, better known as Made in Philly to his fans, McDonald released his first album "South Street to South Beach" in September 4th, 2020. The layered album presents a mixture of endlessly-playable array of tracks with deftly-produced beats accompanied by raw, skillful lyrics. 

Thursday, March 18, 2021

[Single] MrWalkinLick 'Kilos'

MrWalkinLick was born in Miami, Florida. MrWalkinLick grew up in the heart of the City of Miami. He attended several schools before he finally moved in with his mother in North Miami. His father on the other hand was a well respected man in Africa, so much that when he died, his remains were buried in Ode-Itsekiri AKA Big Warri, a city in southern Nigeria.

After settling down in North Miami with his mother, MrWalkinLick was enrolled in North Miami High School which was where he first gained popularity as a rap artist in 2006, particularly for his remix of “Hustlin’” a song by the Hip Hop artist – Rick Ross which he called “Animal”. It was only a matter of time before Curtiss had every school student in Miami and Broward County rapping along to his song. Soon afterwards, he began performing in high schools across North Miami. In 2006, encouraged by how well he was doing on the hip hop scene for a youngster in the industry, MrWalkinLick decided to pursue a rap career full time.

Wednesday, June 25, 2014

LeBron James May Opt Out

Rumors are that +LeBron James may opt out of his contract with the +Miami HEAT. LeBron James’ agent Rich Paul has informed the Miami Heat that the four-time NBA MVP will exercise his early termination option and become an unrestricted free agent on July 1.

Opting out does not mean that James has decided to leave the Heat. James had until June 30 to decide whether to opt out of the final two years of his contract with Miami. He was scheduled to make $20 million next season and had two years and about $42.7 million remaining on his deal.

“The last four seasons have been historic, and LeBron James, Dwyane Wade, Chris Bosh and Erik Spoelstra have led the Miami Heat to one of the most unprecedented runs in the history of the NBA. We look forward to sitting down with LeBron and his representatives and talking about our future together. At the moment, we are preparing for the opportunities in the draft and free agency as we continue with our goal of winning NBA championships.”

After Miami’s season-ending loss to the San Antonio Spursin Game 5 of the NBA Finals, James told reporters he would take a vacation with his family before considering his contract options. James indicated that he welcomed the opportunity to become a free agent and have the same level of flexibility he was afforded in 2010, when he signed with Miami after spending his first seven years in Cleveland.

In his four seasons in Miami, the Heat have gone to the NBA Finals four times, winning two championships. James could join Shaquille O’Neal as the only players in league history to lead the NBA Finals in total points scored and then play for a different team to start the following season, according to the Elias Sports Bureau. O’Neal played for the 2003-04 Los Angeles Lakers, who lost to the Detroit Pistons in the NBA Finals, and was traded to the Heat in the offseason.

Monday, October 26, 2020

BlizzyBoy LJ (@BlizzyboyLj) - "Dior Weather"

BlizzyBoy LJ gives fans the music video for his song "Dior Weather," which can be found now on all digital streaming providers like Spotify, Apple and Tidal. On the song BlizzyBoy LJ raps about the feeling he had on a recent trip to Miami where he was fully draped in breezy, beach friendly, Chistian Dior clothing. The song's vibe rides the South Beach wave of BlizzyBoy LJ's trip to Miami, Florida, taking listeners on a musical journey to the exotic world of pristine beaches and warm weather. The video is everything a trip to paradise should be and shows palm trees, women in bikinis, the ocean and BlizzyBoy LJ speeding around Miami's Biscayne Bay in a Lamborghini. "It's everything that you're inspired to have when you have nothing. When you have nothing you hustle for vacations and a way out and things like that, so that's basically how the video was done in Miami. My music is flashy and East Coast, so fans can expect sh*t like this from me," BlizzyBoy LJ said. Recording the majority of his material out of Los Angeles, California and getting his mixing and mastering done in Santa Barbara, BlizzyBoy LJ is pooling together his resources for a relentless flow of flashy East Coast inspired music. "There's really no plan, it's just to keep putting out music, wherever it takes me, it takes me. My goal is to be the best me, hopefully the best me gives me the best outcome," he said. Brought up on the East Coast but residing in California, BlizzyBoy LJ has battled past the odds to reach this point in his career. First gaining fame on Twitter and Vine, BlizzyBoy LJ took his rap skills that he started developing at age 16 and combined it with the power of social media to make a career out of going viral with his freestyles.

Saturday, July 2, 2016

Police Seize $24 Million In Drugs

An accused brother-sister drug trafficking team is behind bars after Miami-Dade police seized at least $24 million in cash during a home raid. In what is being called the largest cash seizure in department history, detectives found bundles of $100 bills in heat-sealed bags stuffed into five-gallon orange buckets and hidden in a secret wall compartment of a Miami Lakes home, according to the Miami Herald.

Hernandez-Gonzalez — who is being held on more than $10 million bond, according to jail records — is now facing charges including money laundering, marijuana trafficking and possession of a firearm while committing a felony. Gonzalez was held on $12,500 bail for conspiracy and drug-related charges.

The alleged pot peddler, who runs a Miami gardening store called The Blossom Experience, was targeted by police who believed he was involved in trafficking marijuana in Tennessee along with two other men. The store is believed to cater to the illegal marijuana-growing industry and was raided by police and federal agents Tuesday.

Authorities found marijuana, marijuana seeds and $180,000 cash in a safe. Next, police raided his cushy home and found the buckets of cash along with a Tec-9 with an extended clip. The DEA began investigating Hernandez-Gonzalez back in 2010, after he dished to a confidential informant about the secrets of drug trafficking.

Friday, March 12, 2021

Who will get this $32.5M Miami mansion?


And while the former couple may be relieved they don’t have to deal with a divorce settlement — since they never quite walked down the aisle —  there is still the $32.5 million Miami Beach pad they bought together last summer to consider. 

The exes purchased the home on Aug. 19, under the limited liability company, Fleetwood Star Holdings, Florida property records show.

Located on the upscale Star Island, the waterfront home comes complete with 10 bedrooms and 12 bathrooms.

Tuesday, December 21, 2021

Miami’s JCI LLC Is The Best In The Business


Growing up with a love for exotic cars, Sah was able to hone in on his passion and utilize it to launch JCG LLC. He expressed that he wanted everyone to experience the enjoyment of driving luxury cars. Sah has also given back to the community in a multitude of ways.

Tuesday, March 1, 2022

Kendrick Lamar and Kanye West to Headline Rolling Loud Miami 2022


Shortly after Future linked up with Kanye West to executive produce Donda 2 and Kendrick Lamar performed alongside Dr. Dre, Snoop Dogg, Eminem, and Mary J. Blige at the Super Bowl halftime show, the three rap giants are now set to headline this year’s Rolling Loud Miami.

Friday, March 12, 2021

What Caused Jennifer Lopez and A-Rod Breakup?


The stunning split comes after the superstar couple twice postponed their wedding — and after rumors surfaced that the former Yankees third baseman had been playing the field with a young reality star.

Neither of the celebs would comment Friday. But the 45-year-old A-Rod hinted at the break-up on Instagram, as he posted a shot of himself alone on a yacht in Miami, grimacing and staring at his cellphone.

“Don’t mind me, just taking a sail-fie… What are your plans for the weekend?” he joked in the Friday post.

Lopez, 51, meanwhile, was on location in the Caribbean Friday shooting her latest film, “Shotgun Wedding.”

Wednesday, December 18, 2013

Top 5 Sexiest Bikini Bodies

The Wrap-Up has been joining in with whats been trending online with everyday photos, news, and more. We like what viral in the entertainment today section of the news. We announce the sexiest, best, and hottest bikini bodies that with be hitting either the pool yard or the beach for 2014.

Check out photos of UFC ring girl and Playboy model Arianny Celeste wears a sexy two piece to the beach with her dog Bentley in Miami. Thanks for these photos +Arianny Celeste. You are our number on pick.

Check out photos of Kristin Cavallari as she goes for a splash in Miami wearing a Diesel bikini made of glass. Thanks for the photos +Kristin Cavallari. You are our pick number three. Also check out the photo of pick number three, Heidi Montag as she shows off those amazing breast fans side at the stadium. Thanks for the photos +Heidi Montag.

Playboy Playmate Karissa Shannon channels her inner Bo Derek with her braided hair while frolicking at the beach in a sizzling hot pink bikini. Last but not least, is number 1 of all bodies that must be watched to hit the streets. +Coco Austin flaunts her curvy figure in a thong rose printed bikini while vacationing in Miami Beach with a friend.

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Monday, December 14, 2020

[Video] Cheflodeezy 'Buck The Jack' | @lodeezyofficial

Cheflodeezy is a Jamaican born Miami rapper. Deezy moved to Opa Locka, Miami at the age of 9 where he lived with his mom and younger brother. Deezy found his love for music as a teenager at Miami Central High, when his best friend at the time introduced him to the beat making platform Fruity Loops. After high school, Deezy fell into the street life. By the age of 21 he had multiple arrests, struggled with homelessness and the loss of a few close friends to gun violence. After almost going to prison for undisclosed cases and the birth of his first child llamiyah, Deezy decided to change his life. The Miami rapper went to culinary school and pursued a career as a professional chef. This is where he got the nick name “Cheflodeezy”. He free-styled and had other students listen to his music on a daily basis. After graduating culinary school, Deezy began to climb in the hospitality industry. Cheflodeezy started to literally blow up in the culinary word where he was featured in SoHo House world magazine as a rising star on Deco drive, and cooking for various celebrities on visits. Never letting his love for music die, Cheflodeezy went to recording studios on his days off and wrote music before and after work on most days. Still dream chasing and dropping music weekly, Cheflodeezy does this for the love of the craft.

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Follow @lodeezyofficial EVERYWHERE Booking Info:

Saturday, April 2, 2022

Jennifer Lopez Talks About Her Sex Scenes


Jennifer Lopez has appeared in some steamy sex scenes during her career. One of her sexiest moments was in her 2015 film The Boy Next Door. Here’s what she had to say about her sex scenes.

Jennifer Lopez likes to know exactly what’s going to happen before she films a sex scene. She says knowing what is about to happen beforehand gives her the confidence she needs to perform her role to the best of her ability.

Monday, November 19, 2018

LeBron James Makes Big Come Back vs Miami Heat

LeBron James stepped onto the floor at American Airlines Arena and put on a show. The four-time NBA MVP won his first two championships with the Miami back in 2012 and 2013 after forming the big three with him, Dwayne Wade and Chris Bosh. Those baskets seemed so familiar to James because he could not miss. He scored 28 of his 51 points in the first half of play and kept his foot on the gas for the entire ball game.

The Lakers have won 5 of their last 6 games. Prior to Saturday’s road loss to the Magic, the Lakers were on a four-game winning streak. On Wednesday James will make his return back home to Cleveland. It will be Lebron’s first game back since joining the Lakers this summer, one of two meetings between the teams. The Cavs will play the Lakers in LA on Christmas Day as well.

“It’s always great to be here,” said the three-time Finals MVP. James embraced a number of people with hugs before the game began. “We had some not so good times, we had more great times, so it’s always a respect factor and a love for the people in Miami and especially the people who work here.” James tallied 48 points heading into the final 20 seconds. With the clock winding down, he was challenged by teammate Lance Stevenson to go for 51.

Sunday, January 9, 2022

Konfessions of an Uprising Female artist Laniyah West + First Breakout Female artist to Headline KOD Miami | @LaniyahWestt @outdagateent

Konfessions of an Uprising Female artist, Laniyah Westt: iTunes charting, gifting fans with NFT,  latest single “Money Conversation” &the first breakout female artist to headline a show at KOD Miami. Success is not given, it is earned. Laniyah Westt is earning every success that is coming her way. After taking a few months off, the new breakout artist out of West Orlando is steadily perfecting her craft. Florida is known for mainstreaming a new class of rappers. Laniyah has set a path of her own. Laniyah is the first breakout artist to headline a live performance at the world famous strip club KOD Miami. Laniyah Westt single “Money Conversation”  made it to the top 30 on the iTunes Apple Music chart. On this single, you can hear Laniyah delivering ominous bars about her life that resonate to her listeners. Knowing her fans are the main driving force within her success, Laniyah gifted NFTs to the first 25 fans that pre-saved her new single "Money Conversations." It is clear that Laniyah Westt is only getting started and 2022 has a lot in store for the music industry.

Saturday, August 18, 2018

Rick Ross Top 5 Music Videos

Its been a while since The Wrap-Up Magazine released any Top 5 music videos from artist. On the verge of their return, they release have released the best of Rick Ross visual videos. William Leonard Roberts II, known professionally by his stage name Rick Ross, is an American rapper, entrepreneur and record executive. See which videos was chosen below!

Wednesday, December 22, 2021

Brawl Breaks Out At Miami International Airport


Travelers flying out of Miami got front row seats to a battle royale that led to the arrest of two men. The incident jumped off around 6:30 PM on Monday after travelers became "unruly" after a series of delays. 

The video picks up after things had already turned physical with an officer apprehending one traveler in a chokehold while other travelers encircled the officer trying to pry the man loose. Once the man is let go, he reengages the officer who then pulls out his firearm. 

“Like airports across the country, (Miami International Airport) is seeing record-high passenger numbers this winter travel season,” MIA Director and CEO Ralph Cutié said in a statement.

“Unfortunately, that passenger growth has come with a record-high increase nationwide in bad behavior as well, such as the incident this evening at MIA,” he added. “Disruptive passengers face police arrest, civil penalties up to $37,000, being banned from flying, and potential federal prosecution.”

Tuesday, April 13, 2021

Wu Tang Clan New 2021 Concert Tour Dates!


Wu Tang Clan is scheduled to perform five shows in the United States through 2021.

The hip hop group’s mini tour includes two shows in Detroit on May 25 and 26, and three rescheduled shows in Uncasville, Conn. on July 22, Atlantic City, N.J. on July 23 and Hanover, Md. on July 24.

They are also set to perform at III Points Festival in Miami, which is taking place October 22 and October 23. Other performers include The Strokes, Eric Prydz, Kaytranada, Zhu, Khrubangbin, Three 6 Mafia and Thundercat.

Wednesday, April 12, 2017

Ben Carson Gets Stuck In A Elevator

Neurosurgeon-turned-Secretary of Housing and Urban Development Ben Carson recently ran into some trouble, as he was stuck in a housing development elevator. Carson was visiting Miami's Courtside Family Apartments along with the Dade County Public Housing Director Michael Liu when he, the Director, and five others became stuck in the elevator. According to the Miami Herald, former NBA player Alonzo Mourning was supposed to be attending the event because his nonprofit was a co-developer of the apartments. Since he was late, this resulted in him not being trapped in the elevator with Carson.

Carson, his wife, and several others were heading to meet residents in the building when the elevator became stuck, resulting in the group being trapped for about 20 minutes total. Firefighters arrived on the scene and freed the group around 9 A.M. this morning. According to the Miami Herald, as soon as Carson was released from the elevator, he said: "Well, we got all of our questions answered."