Tuesday, September 10, 2019

Hotel Developer Urbanica The Hotels Expands Portfolio with $40 Million Acquisition of Last Undeveloped Beachfront Lot in North Beach, FL

 Charlie Porchetto (left) and Diego Colmenero 

MIAMI BEACH, FL —  Urbanica The Hotels’ young and thriving founders Diego Colmenero and Charlie Porchetto, have announced their latest acquisition of a $40 million undeveloped beachfront lot in North Beach, located at 6747 Collins Avenue

They purchased the 0.98-acre property from China City Construction (CCC) on Tuesday, August 27, with imminent plans to develop a 20-story, 200-room lifestyle hotel.

Slated to open in approximately two years, it will boast a signature restaurant helmed by the brand’s world renown partner, Chef Fernando Trocca; a swanky indoor bar, pool bar and unparalleled beach service, to name a few.

Chef Fernando Trocca
This slice of paradise was the last undeveloped beachfront lot in North Beach, located between the Deauville Beach Resort and Sterling Condominium buildings on Collins Avenue.

“We are eager to bring fresh new amenities and our distinct hospitality to this area,” says Colmenero. “Urbanica currently employs 200 people, and with our latest acquisitions we have aggressive plans to double our staff and bring new job opportunities to this community soon.”

The Meridian, 418 Meridian Avenue, Miami Beach, FL
Urbanica has been quickly expanding its portfolio in Miami since 2016.  The founders have a strong focus on the cultivation of its culinary offerings thanks to its executive chef partner Trocca, who they have enlisted to spearhead the development of the brand’s food & beverage projects.

“Urbanica was born out of an earnest desire to bring something new and different to the hospitality landscape,” says Porchetto. “Our mission is to make first-rate hospitality experiences accessible to everyone, with a keen focus on each individual guest.

Kaskades Hotel, 300 17th Street, Miami Beach, FL
"That’s why our team is constantly seeking new opportunities to fuse together the best in design, food, nightlife, location, and personalized guest experiences at a reasonable rate. This year has already been crucial for our brand, and we can finally see our mission put into action,” he adds.  
After the success of The Meridian, an impeccably reimagined historic 1930s Art Deco hotel at 418 Meridian Avenue that houses a 71-room property, Regina’s Grocery, an Italian deli offering a New York-centric menu, and Minibar, an uber-chic speakeasy;

 Urbanica The Hotels is creating its own hospitality district in Miami Beach’s exclusive South of Fifth neighborhood with three more hotels. The elegantly remodeled pre-war Kaskades Hotel on 300 17th Street opened this summer, and is managed by Urbanica as an independent operation.

The Euclid Hotel, 426 Euclid Avenue, Miami Beach, FL
The boutique property boasts the brand’s signature contemporary cafĂ©, the Food Marchand, and by this fall, guests and locals will be able to enjoy fun barbeques and live music at the property’s inviting rooftop. 

The Euclid Hotel, located at 426 Avenue, is slated to open this October with 30 guestrooms and Orilla Bar and Grill, a culinary creation by the company’s executive chef Trocca, which will offer a full menu of South American and European inspired cuisine. 

The Fifth, on 803 Fifth Street, is slated to open in mid 2020 with 52 guestrooms, on-site parking, a pool and quaint restaurant.

The Fifth,  803 Fifth Street, Miami Beach, FL
The company’s expansion plans in Miami don’t stop there. The Biscayne, located at 3200 Biscayne Boulevard in the burgeoning Edgewater area, is scheduled to open in late 2020.

The hotel will boast breathtaking views of the bay and city, 200 guestrooms, parking, approximately 5,000 square-feet of retail space on the ground floor, and an expansive rooftop pool, restaurant, bar and game room.

The entertainment room located on the 20th floor will feature numerous activations each month, such as live music, art shows and parties with world-renowned DJs.

The Biscayne, 3200 Biscayne Boulevard, Miami, FL
Urbanica is expanding its portfolio to have unique propositions in different locations for its distinct audiences. Even though the brand is growing quickly, the company always keeps in mind its mission and ethos.

“We see Miami as the world’s next great metropolis, and our goal is to enrich the lives of both visitors and locals,” said Colmenero and Porchetto. “We have been visiting Miami since our childhoods and are drawn to city’s multi-cultural energy, scenic vistas and cool vibe.

"Our goal is to create warm, friendly and attentive environments in Miami’s hippest neighborhoods, where our guests feel immediately at home.”


Carrie Kerner
Director – Hospitality & Lifestyle Division
Phone: 305.206.0393
Address: 1666 Kennedy Causeway, Suite 703, Miami Beach, FL 33141

Kaley Cuoco’s Tarzana House Listed for $4.8 Million

Kaley Cuoco’s 7,977-square-foot house 
in the Tarzana neighborhood 
of Los Angeles, CA
Photo credit: Keller Williams   Source: www.stephanievitacco.com
LOS ANGELES, CA -- Since The Big Bang Theory came to a close in May, Kaley Cuoco and her husband, equestrian Karl Cook, are busy building their dream home, so she has put her Tarzana-neighborhood home in Los Angeles on the market at $4.895 million, according to

Kaley Cuoco 
Cuoco bought the house from Lamar Odom and Khloe Kardashian in 2014.
Behind a gated entrance in a small enclave of similarly elegant homes, the 7,977-square-foot house is spread across its three-quarter-acre lot with a large car park for guests in front and pool with generous patio for entertaining in the rear of the property. 

Karl Cook
The entrance opens into a grand, two-story foyer with curved staircase and starburst chandelier. 

Included are the living room with a whimsical swing settee suspended from the ceiling and a contemporary formal dining room. 

Lamar Odom
Sized for a large family and guests, there are six ensuite bedrooms plus three additional baths. The master has a fireplace, three huge walk-in closets and French doors that open to the terrace. 

The large laundry room has two washing machines and two dryers with ample storage for the size of the house. The kitchen is stocked with high-end appliances and has an island, breakfast area and bar, which opens to the family room.

Khloe Kardashian
The home is made extremely private by the mature thick hedges and trees that follow the property line from the entrance gate to encircle the entire property.

Outdoor space is ideal for entertaining with multiple shaded seating areas, a full-covered outdoor kitchen with bar seating, pool, spa and fire pit.

Stephanie Vitacco
Currently Cuoco has created and is starring in a new HBO Max series, The Flight Attendant, for which she will also act as executive producer.
A huge fan favorite for her roles in 8 Simple Rules, Charmed, and, of course, 12 seasons of The Big Bang Theory, Cuoco is following her dreams of becoming a producer.
 The listing agent is Stephanie Vitacco of Keller Williams, Encino-Sherman Oaks.

Genelle C. Brown
Content Manager, Media Division
Phone:  434-480-4504

Twitter:  @toptenrealestat

JLL closes sale of Buck’s County Grocery-anchored retail center in Bensalem, PA

 Suresh Kagithapu

PHILADELPHIA, PA, Sept. 9, 2019 – JLL announced today that it has closed the sale of Bensalem Square, a 70,378-square-foot, grocery-anchored retail center in the Philadelphia-area community of Bensalem, Pennsylvania.

JLL marketed the property on behalf of the seller, Brixmor Property Group. LS Property Investment purchased the asset.

Bensalem Square is fully occupied by a roster of mostly e-commerce-resistant regional restaurant, service and medical tenants anchored by a high-performing Redner’s Markets grocery store. 

Harish Koya
Situated on 12.25 acres at 2506 Knights Road, the center is within a major retail corridor and proximate to the Philadelphia border. 

Bensalem Square is positioned within the highly populated Bucks County market, which boasts a population of nearly 18,500 residents within a one-mile radius and more than 109,000 within a three-mile radius of the property.

Redner's at Bensalem Square Shopping Center
“This is the fifth commercial shopping enter for us at LS Property Investments and the third retail center anchored by a Redner’s Markets,” said CEO Suresh Kagithapu, who purchased the center along with major partner Harish Koya and investment partners Srinivas Adda, Siva Pola, Eswara Janjanam and Nagasekhar Anumalasetty.

 “Bensalem Square is an excellent addition to our investment portfolio that also includes the Sinking Spring Shopping Center near Reading, Cherry Square Shopping Center near Allentown and the Stowe Crossing Stripmall near Pottstown.”

Srinivas Adda

The JLL Capital Markets team representing the seller was led by Managing Director Chris Munley, Managing Director James Galbally and Senior Vice President Colin Behr.

“Infill, grocery-anchored retail continues to be in-demand within the asset class,” Munley said. “We have seen our offer counts increase across the board for all retail product in 2019, with a significant spike within this category specifically. 

"The positive net increase in investor interest is indicative of where current pricing metrics are coming in.”

 Siva Pola
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. 

The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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

Nagasekhar Anumalasetty
Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.

About Brixmor Property Group

Brixmor (NYSE: BRX) is a real estate investment trust (REIT) that owns and operates a high-quality, national portfolio of open-air shopping centers.

Its 422 retail centers comprise approximately 73 million square feet of prime retail space in established trade areas.  The company strives to own and operate shopping centers that reflect Brixmor's vision "to be the center of the communities we serve" and are home to a diverse mix of thriving national, regional and local retailers. 

Chris Munley
Brixmor is a proud real estate partner to more than 5,000 retailers including The TJX Companies, The Kroger Co., Publix Super Markets, Wal-Mart, Ross Stores and L.A. Fitness.  

For more information, visit brixmor.com.

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. 

In doing so, we will build a better tomorrow for our clients, our people and our communities. 

James Galbally
JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. 

JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. 

For further information, please visit jll.com.


 Kimberly Steele, JLL Digital Content/PR Specialist
Phone: +1 713 852 3420
Email: Kimberly.Steele@am.jll.com

The Apartments at Lincoln Common in Chicago, IL Announce Official Move-Ins

Carly Stevenson

CHICAGO, IL – The Apartments at Lincoln Common, newly constructed at 2345 N. Lincoln Avenue, Chicago, had its first residents move in  April 1, 2019. 

Located at the new crossroads of Lincoln Park at the intersection of Lincoln Avenue, Fullerton Avenue and Halsted Street, The Apartments at Lincoln Common offer 538 studio, one-, two- and three-bedroom rental residences and penthouses across two separate towers designed by Skidmore, Owings and Merrill in partnership with Antunovich Associates. 

More than 200 tours have been conducted of The Apartments at Lincoln Common since leasing began in February.

“We are thrilled to welcome our first residents to The Apartments at Lincoln Common,” said Carly Stevenson McCaffery Senior Director of Residential Management. “These amazing amenity-packed towers combined with this dynamic neighborhood will provide an unparalleled living experience in the heart of Chicago.”

 For more information, please visit www.lincolncommon.com.

Follow Lincoln Common on FacebookTwitter and Instagram for updates


Megan Gasper/Sarah Ficek/Gianna Fontana

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