Tuesday, May 5, 2020

Experienced broker Melissa Rose joins JLL Capital Markets in its Miami, FL office


Melissa Rose 

MIAMI, FL,  May 5, 2020 – JLL Capital Markets announced today that it has expanded its debt and equity placement team with the addition of Melissa Rose in its Miami office.

 Ms. Rose joins JLL as a Managing Director focused on securing debt and joint venture equity financing for a broad range of property types.

Over the course of her 18-year career, she has closed more than $2 billion in capital through first mortgages, mezzanine loans, bridge loans, acquisitions and preferred equity for a variety of asset types throughout the U.S.

She spent the last three years as a Managing Director at Ackman-Ziff and prior thereto she held acquisitions and in-house capital markets roles at Maxwelle Real Estate Group in Aventura, Florida; as well as Eretz Group in New York City.

 Ms. Rose graduated from the University of Miami Coral Gables with a dual major in Marketing and Political Science.  She sits on the Real property Development Advisory Board at The University of Miami School of Law and serves on the Board of Directors at CREW Miami.

 “We are ecstatic to welcome Melissa to the JLL family,” said Chris Drew, Senior Managing Director and co-head of JLL Capital Markets in Miami.

Chris Drew
“I have known her for several years, and she is an extremely accomplished capital markets advisor with a wide breath of experience capitalizing various asset classes throughout the country. 

"Her deep relationships with family offices coupled with her extensive structured finance experience, made her a natural fit for our team.” 

 For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

 CONTACTS:

Kristen Murphy
Senior Manager, Public Relations
JLL Capital Markets
One Post Office Square, Suite 3500
Boston, MA 02109
T +1 617 848 1572
M +1 617 543 4873

us.jll.com/capitalmarkets         

Brazilian Developer Obtains $58.5 Million Construction Loan for Under-Construction 18-Story, 70-Unit, $35 Million, Full-Floor Penthouse Condominium in South Miami Beach, FL


57 Ocean condominium,
under construction
in south Miami Beach, FL


MIAMI BEACH, FL – Miami Beach’s 57 Ocean, an ultra-luxury seaside condominium on the iconic Millionaire’s Row, announced  it has obtained a $58.5 million construction loan from Bank OZK, arranged by JLL Capital Markets. 

Brazilian developer Dr. José Isaac Peres
The financing will support completion of the 18-story project, which is now more than halfway complete (having reached the 11th floor this week) and on schedule for next fall’s projected delivery date. 

 In total, 57 Ocean, which is being developed by Multiplan Real Asset Management (MultiplanREAM), will feature 70 units, including 18 flow-through Sky Residences and a $35 million, full-floor penthouse.
 
Greg Newman
To date, more than half of the units have sold to buyers from high income tax states, including New York and California, as well as high-net-worth individuals from Latin America.

 Already, MultiplanREAM, which was founded by internationally revered Brazilian developer Dr. José Isaac Peres, has invested approximately $150 million in cash into the project, ensuring that each benchmark has been met with swift precision and efficiency. 

The added financing underscores the well-documented success of the project and its strength in the market -- especially in the midst of the current COVID-19 pandemic.


Marcelo Kingston
 “57 Ocean is not only delivering a unique, healthful-living lifestyle for buyers, but also providing another reassurance for their real estate investment,” said Marcelo Kingston, Managing Partner of MultiplanREAM. 

 “We are extremely proud to work with Bank OZK, the nation’s preeminent construction lender of marquee properties.  We have confirmed that we will top out this August and deliver the building in September 2021, as we had originally promoted.”


Edgardo Defortuna

 “Bank OZK is pleased to be financing the final phases of 57 Ocean’s construction and to be working with such a reputable developer,” said Greg Newman, Managing Director of Originations at Bank OZK. 

“The strong financial capacity of MultiplanREAM, coupled with such a unique real estate asset, exemplify the high standards Bank OZK consistently seeks in its project financings.”


Bernardo Fort-Brescia 

 The JLL Capital Markets debt placement team representing MultiplanREAM included Executive Managing Director Manny de Zárraga and Director Jesse Wright.

 “We are delighted to be working with MultiplanREAM in supporting the capitalization of this outstanding product,” said de Zárraga.  “This liquidity will enable the developer to pursue new opportunities that may emerge during moments of the current global crisis while expanding its footprint in the State of Florida.”


Patricia Anastassiadis

 Adding to the momentum, MultiplanREAM and 57 Ocean’s exclusive residential brokerage, Fortune Development Sales, have reported a string of back-to-back transactions at the property. 

In just 45 days, 11 units totaling $46 million have gone under contract -- an average of 1.3 sales per week.  One of the top sales was a four-bedroom, four-and-a-half-bath residence (No. 1702) for $7.3 million to a New York-area buyer. 


Sofia Joelsson
Buyers have singled-out the project for its unparalleled location, contemporary designs, and robust assemblage of holistic “Blue Wellness” amenities and services.

 “The excitement surrounding this development continues to build among ultra-luxury homebuyers worldwide -- a testament to MultiplanREAM’s tremendous vision and subsequent success,” said Edgardo Defortuna, CEO of Fortune Development Sales. 

 “We are now looking forward to the next big milestone – 57 Ocean’s topping off later this summer.”


Manny de Zárraga
 Designed by award-winning architect Bernardo Fort-Brescia of ARQUITECTONICA, with interiors by Brazilian designer Patricia Anastassiadis of Anastassiadis Arquitetos, 57 Ocean will offer two to four-bedroom residences -- starting at $1.5 million -- with sizes ranging from 1,200 to 3,600+ square feet. 

The well-appointed homes will feature expansive terraces, each stretching up to 12 feet deep, as well as contemporary Italian kitchens and baths by Poliform. 

In addition to the 10 Sky Residences, which start at $6.95 million, 57 Ocean’s last-remaining penthouse -- designed by Sofia Joelsson of Sofia Joelsson Design -- is priced at $35 million.
Jesse Wright

 Five-star amenities will include a holistic spa with treatments by One Ocean Beauty and a wellness pavilion with a thermal suite and a relaxation and meditation area -- as well as poolside treatment cabanas, a state-of-the-art fitness center with top-of-the-line MyIsle training equipment by MyEquilibria, and an indoor Technogym fitness center.

 There will also be a children’s activity room, 24-hour concierge services, pool and beachfront concessions and attendants, direct access to the adjacent Miami Beach Walk, and more. 

 For additional information about 57 Ocean, call 305.800.5775 or visit www.57ocean.com.


CONTACTS:

Sissy DeMaria
 Caroline Underwood
 Kreps DeMaria
                                                                                                             305.663.3543