Syncopated Real Estate offers an integrated approach to property acquisition and asset disposition. As a South Florida brokerage we facilitate the buying, selling, and leasing of real estate in both residential and commercial markets. A strategic coordination with real estate professionals and funding services allows for innovative solutions. The boutique brokerage approach caters to the individual goals of buyers and sellers. This is accomplished through listening to market rhythms and having the dedication to discover value. The ability to connect with resources such as family offices, legal services, accounting professionals, and private funding groups, generates informed transactions. This method to the real estate business achieves success while developing long term relationships.
The municipal government of Coconut Creek is shopping for parcels five acres or larger to purchase and convert to public parks.
City commissioners have asked the city manager, Mary Blasi, to negotiate a possible purchase of two parcels listed for sale. One is five acres in size, the other about seven acres.
The five-acre parcel on Northwest 74 Street is adjacent to the Oak Trails public park, and the other parcel is south of the Food for The Poor building on Lyons Road.
The city recently bought a five-acre parcel near Lakeside Park, where it plans to develop two fields for soccer and football. The city owns five fields for soccer and football and 11 fields fo softball and baseball.
If Coconut Creek lacks enough parks where kids can play, “we are going to have to hire a lot more police,” Commissioner Becky Tooley said, calling the city’s parks and recreation department one of the best in the state.
Universal Orlando plans to develop a 4,000-room hotel on the 13-acre site of a former water park called Wet ‘n Wild. Universal disclosed the planned hotel in a master plan for development filed with the city of Orlando.
The company has been demolishing its former Wet ‘n Wild water park to clear the site for developments including the planned hotel as well as three parking structures. Hotel research company expects developers in Orlando to open 1,298 new hotel rooms this year, down from 2,243 last year. [Orlando Sentinel] – Mike Seemuth
Residential real estate brokerage Compass handled the $14.75 million sale of a Naples penthouse and called it the most expensive condo sale on record in Naples.
The entire penthouse is outfitted with a range of LED recessed lighting, custom furnishings and fine art. The residence features Italian porcelain flooring. The custom kitchen has Gaggenau and SubZero appliances and white quartz counter-tops.
Innovative high-end plumbing fixtures include a sculptural bathtub in master bath. Other highlights of Unit 2201 include a private elevator, over-sized dual closets, a sauna and a fitness room with a view.
From the New York site: What does it mean to live like Drake, the No. 1 man in the rap game?
The hip-hop superstar reveals himself in all his new music, including his latest project, “More Life,” which is touted as a “playlist” and includes some of the rapper and singer’s best tracks to date.
He may not talk about the insane pool surrounded by caves in his California mansion on “More Life,” but he admits to his love of material things: “I don’t take naps / Me and the money are way too attached to go and do that,” he raps on “Gyalchester.”
The Toronto native certainly lives like he’s rolling in it in his home in Hidden Hills, California, a gated neighborhood next to Calabasas.
The area near Los Angeles has been home to Kanye West, the Kardashian clan, Justin Bieber, and plenty of other rich and/or very famous folks.
But there’s something unique about Drake’s mansion, which he bought for $7.7 million from Saddle Ranch owner Larry Pollack in mid-2012, Curbed reports.
It has one of the most luxurious pools in the world. With its own grottos, it was designed to outdo Hugh Hefner’s notorious Playboy Mansion pool, Drake said in an interview. Drizzy is apparently somewhat obsessed with pools —he once bragged in a song that his was bigger than Kanye’s.
All photos via CrisNet and Business Insider.
This aerial shot gives you a sense of the enormous size of the house … and especially of that pool.
But the front is friendly and not ostentatious.
There are beautiful wooden beams running throughout the house.
A cavernous wine cellar.
A gym, likely where Drake has been getting noticeably bulkier.
But the centerpiece, as Drake himself has made clear, is that pool.
Check out the manmade grottos to the side.
The house was originally listed for $27 million, but the owner was at a “low moment,” Drake said, and “I stole it from him!”
From the New York site: The recent buyer of President Donald Trump’s childhood home in Jamaica Estates flipped the place for $800,000 more than he paid three months ago.
Michael Davis paid $1.3 million for the Tudor-style home at 85-15 Wareham Place in December. This week he sold it for $2.1 million, a profit of just over 50 percent, the New York Post reported.
The previous owners originally listed the home for $1.7 million, but then slashed the asking price for $1.2 million. They then pulled it from market just before the election. Following Trump’s surprise win, there were predictions the place would sell for significantly more. Luxury broker Dolly Lenz said at the time the house was believed to have grown as much as 10 times in value. But it ultimately sold for $1.25 million — just slightly above the previous listing price.
The home features five bedrooms, four bathrooms, a paneled study, a finished basement and a five-car garage, according to the listing. [NYP] — Miriam Hall
The developer of the American Dream mall in north Miami-Dade County is still struggling to finish a mall with the same name in New Jersey.
Triple Five, the developer, suspended construction of the American Dream mall in the Meadowlands area of northeastern New Jersey on December 23 for what it called a “planned holiday slowdown.”
Triple Five told NorthJersey.com that work on the mall would resume this year. But construction has not resumed. The stalled construction work may derail plans to open the mall by 2018.
Triple Five has not responded to questions about a long-delayed $1.15 billion bond issue to fund construction of the mall. The New Jersey Sports and Exposition Authority was supposed to sell the bonds.
New Jersey state senator Paul Sarlo told NorthJersey.com this month that he may sponsor a resolution urging Triple Five to resume construction or to allow the state to consider alternative projects at the development site.
The South Florida Regional Planning Council recently voted to submit to state regulators the Triple Five’s application to build the proposed American Dream Miami shopping mall in north Miami-Dade.
The advisory council’s unanimous vote pushed the big mall project a step closer to a decisive vote by the Miami-Dade County Commission to change the county’s comprehensive master plan for development to accommodate American Dream Miami, which would span six million square feet and would be the biggest mall in the nation. [NewJersey.com] – Mike Seemuth
A foreign business executive bought a vacant lot in Manalapan for $12.45 million, or 55 percent more than the previous owner paid in 2008.
The buyer is a company managed by Onajite Okoloko, a Nigerian business executive who owns a home in Boca Raton. According to his resume, he is the chief executive officer of a fertilizer company called Notore Chemical Industries.
Palm Beach County records also show that Okoloko got a $7.47 million loan from Florida Community Bank on the same day the county recorded the deed for the vacant lot.
Veronica Cudmore, an agent with VLC Property Group, had the listing for the 1.5-acre lot at 1460 South Ocean Boulevard in Manalapan.
The asking price was $12.9 million for the lot, which has 172 feet of ocean and lake frontage.
The seller was Marcon Manalapan LLC, which is managed by an estate planner in Ridgewood, New Jersey, named William Haggerty.
Marcon Manalapan LLC, bought the lot in 2008 for $8 million. [Palm Beach Daily News] – Mike Seemuth
Miami firefighters extinguished a fire Friday on the 68th floor of Panorama Tower, a mixed-use high-rise still under construction at 1101 Brickell Avenue.
No injuries were reported. No construction work was under way when the fire began The cause of the fire is under investigation.
“The fire was easily contained with minimal damage,” Florida East Coast Realty, the developer of Panorama, said in a statement. “Fire investigators told our company that the fire was localized to a single unit on the 68th floor, and we are very grateful for the fire department’s quick response. Our anticipated construction timeline will not be adversely affected in any way.”
Fire crews responded to a 911 emergency caller who reported smoke and flames coming out of the side of the unfinished building shortly before 7 p.m. Friday.
A system to suppress fire already was inplace at Panorama, which allowed firefighters to pump water up to the 68th floor to extinguish the fire.
Fire department spokesman Lt. Ignatius Carroll told the Miami Herald he did not know how much damage the fire caused.
Construction crews were expected to top off Panorama Tower at 83 stories later this year. In February, the project’s general contractor Tutor Perini completed Panorama’s 425,000-square-foot, 2,000-car parking garage.
The design of the mixed-use development includes 821 apartments, 208 hotel rooms, more than 50,000 square feet of retail and restaurant space, and a 19-story pedestal with more than 100,000 square feet of medical office space and a teaching facility.
Florida East Coast Realty filed a request with the Federal Aviation Administration (FAA) to increase the height of Panorama’s height from 822 feet above ground to 866 feet.
Even if the FAA denies that request, Panorama would be the tallest residential building on the East Coast south of New York. [Miami Herald] – Mike Seemuth
A new restaurant, Allegria Ristorante, just opened this week on Harrison Street in downtown Hollywood.
Following a “soft opening” Tuesday night for a private party, the restaurant opened on Thursday, said Hollywood attorney Gerald E. Cowen, who represents Allegria Ristorante LLC, the company behind the new restaurant.
Cowen said his client assumed a lease for a space at 2009 Harrison Street with about 4,100 rentable square feet. He declined to disclose the remaining term on the lease or the lease payments to the landlord, Marbella Harrison Investments LLC.
Other restaurants had previously occupied the space, including Sushi Blues, which featured live entertainment.
Allegria’s chef previously ran the kitchen at Casa D’Angelo Ristorante in Fort Lauderdale.
Topshop Topman and Zara will open flagship stores in Aventura Mall’s new three-level wing in November, as the shopping center aims to boost its experiential offerings with more food, art and a VIP lounge, The Real Deal has learned.
Topshop Topman’s two-level store at the mall owned by Turnberry Associates and Simon Property Group will mark the British brand’s first standalone store in Florida. The retailer’s offerings will include Topshop for women and Topman for men.
Zara, which previously operated a store at Aventura Mall but left in 2012, is returning with a 34,000-square-foot, two-level store within the mall’s 315,000-square-foot expansion. Pomellato and Under Armour also will open in the wing, as will restaurants CVI.CHE 105, Serafina, Pubbelly Sushi, Harry’s Pizzeria and Blue Bottle. The dining spots will have indoor-outdoor spaces in a piazza.
“We’re focusing a lot on food because that is obviously what we need on our property,” Jackie Soffer, co-chair and CEO of Turnberry Associates told TRD. Other eateries are also coming, but have yet to sign leases, she said.
In addition, a new third-floor food hall will open with upscale options, including 12 in-line restaurants and three kiosks, Soffer said.
More beauty-oriented options will also open, including a spot dedicated to manicures.
“A lot of these tenants that are leasing we’ve been wanting to put in the property for years, but didn’t have the square footage,” she said. “Now we’re able to fit everyone in.”
In keeping with the nationwide trend to offer visitors experiences along with shopping, amid heated competition with the Internet, the new wing on the east side of mall will also have a 7,000-square-foot VIP Lounge on its rooftop. The space will allow visitors to play pool, watch TV, hang out, and take advantage of dining and bar areas and conference rooms for private events. It will also have space for visitors to meet with stylists, Soffer said.
“It’s kind of like having a SoHo House on top of the mall,” she said, adding that plans are still preliminary.
Aventura Mall’s wing has been under construction for more than year by Turnberry Construction and Plaza Construction. In January 2016, the mall’s owners closed on $213.5 million in financing for the expansion.
Designed by architect Carlos Zapata, the new wing will feature an 84-foot by 50-foot glass wall, with a 350-foot skylight with views of the rooftop terrace. It will also have a nearly 93-foot tall sculpture by Belgian artist Carsten Höller that Aventura Mall visitors will be able to slide down. The outdoor piazza will feature such art as Gorillas in the Mist by The Haas Brothers, designed for the mall.
Aventura Mall, at 19501 Biscayne Boulevard, is owned 66 percent by Turnberry and 33 percent by Simon. Anchored by Bloomingdale’s, Nordstrom and Macy’s, it has more than 300 stores, including Givenchy, Gucci, Louis Vuitton, Cartier, Tiffany & Co., Fendi, Burberry, Apple and H&M. The mall also has several restaurants and a 24-screen AMC Movie Theatre with IMAX.
The mall first opened in 1983, then doubled its size in 1997, and in 2007 added Nordstrom and a three-level wing of high-end stores. It has more than 2.7 million square feet of space, making it the third largest shopping mall in the United States, behind Mall of the America in Minnesota and King of Prussia Mall in Pennsylvania.
Turnberry’s other properties include the Fontainebleau Miami Beach and Turnberry Ocean Club, which is currently under construction. Turnberry is also partnering with LeFrak on SoLē Mia, a $4 billion, 183-acre master-planned community in North Miami that broke ground in 2015. The Soffer, LeFrak joint venture will include 12 residential buildings, 4,390 residential units, nearly 1 million square feet of commercial space and 37 acres of parks when completed.