LOFTY Brickell Unveils Plans for its Skydeck Activation in Miami, FL

Harvey Hernandez.

 MIAMI, FL - Forward-thinking real estate developer Newgard 

Development Group continues to differentiate its LOFTY Brickell condominium project with unique features and innovative concepts.

 

 In the latest example, Newgard is unveiling its plan for the building’s skydeck-- a versatile rooftop space that will be available as a venue for private events and will be an additional building amenity dedicated exclusively to LOFTY unit owners.

 

Located on LOFTY’s 44th floor, the approximately 10,000-square-foot area is designed to accommodate events ranging from small corporate gatherings to wedding receptions.

 

The lush rooftop will feature modular furniture, portable bars, a catering kitchen and a private pool.  Owners will have exclusive access to the space when events are not taking place.

“We have designed a plan that allows us to maximize LOFTY’s beautiful sky deck area,” said Newgard CEO Harvey Hernandez. “Owners can enjoy a glass of wine while soaking in the breathtaking cityscape views or hang out by the pool for a quiet day of relaxation.”

 LOFTY is a 44-story waterfront luxury condominium high-rise under development on the Miami River in the heart of Miami’s financial district. It is the most elevated offering in Newgard’s flexible ownership concept. 

 

 At over 92% sold, LOFTY is one of the Miami condo market’s most successful projects under development.

Designed by Arquitectonica, the 362-unit LOFTY features 309 tower residences including studio, one- and two-bedroom units that will be furnished by INC.  

 

They will have exclusive access to 40,000 square feet of thoughtfully curated amenities, including a private marina, a members-only social club, a resort pool deck and fitness center, an indoor cigar lounge, a co-working lounge, meeting rooms and the sky deck.

 With tower units sold out, just a few residences in the LOFTY Signature Penthouse Collection remain available for purchase. 

 

The Signature Penthouse Collection offers spacious two, three, and three-bedroom plus den residences that will be curated and furnished by revered design firm Artefacto. 

Starting at $2.2 million, they represent the best value in penthouse homes in the Brickell submarket.

 

Located across from Brickell City Centre, LOFTY is the next evolution of condominium ownership. It brings a 5-star alternative for the owner and traveler who prefers to stay and own differently – yet does not want to compromise on hotel services and amenities.

 

Each residence will be delivered fully finished and furnished and, with professional management, will permit short-term rentals.

 

The tower will feature the first-ever NFT art collection designed for condo owners, integrating digital art and technology into the DNA of the new residential building while transferring ownership of a custom NFT to each unit owner at closing.

 

INC is responsible for LOFTY’s 44 stories of swanky interiors and Urban Robot Associates is the landscape architect.

 

Cervera Real Estate serves as the exclusive sales and marketing partner for LOFTY Brickell. 

LOFTY Brickell is located at 99 SW Seventh St., Miami, FL 33130. 

 

 

CONTACT:

 

Eric Kalis

Vice President,

BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza  

1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

Web | Facebook | LinkedIn | Twitter | Instagram

www.LoftyBrickell.com.

 

JLL Capital Markets arranges $8 million financing for the 121-room Sandbar Hotel, Trademark Collection by Wyndham in Myrtle Beach, SC

  

Amy Lousararian

BOSTON, MA –  JLL Capital Markets has arranged $7.59 million in financing for the121-room Sandbar Hotel, Trademark Collection by Wyndham in Myrtle Beach, SC.

 

JLL worked on behalf of the borrower, Linchris Hotel Corporation, to secure the first mortgage refinancing through HarborOne Bank.

The Sandbar Hotel, Trademark Collection by Wyndham is a beachfront hotel comprised of four separate buildings.

The main building and the adjacent “south building” contain 88 total guest rooms, the oceanfront building consists of 27 guest rooms, and there are two, three-bedroom cottages located one street behind the main building.

 Henry Schaffer

Additionally, the hotel includes four one-bedroom apartments and an additional parcel of land currently being used for 28 parking spaces.

Located along the beach at 1804 South Ocean Blvd., the hotel is well-positioned to attract the diverse customer base of Myrtle Beach’s 20 million annual visitors.

The hotel is located in close proximity to the Myrtle Beach International Airport and many popular tourist attractions including beaches, restaurants and several world-class golf courses.

 Further, the hotel boasts top-tier amenities that include a heated indoor pool and hot tub, an outdoor pool with a lazy river and hot tub, a 24-hour business center, a 24-hour fitness center, a breakfast area and direct beach access.

Sandbar Hotel, Trademark Collection by Wyndham 
Myrtle Beach, SC

Formerly a Best Western Plus, the hotel was rebranded to The Sandbar Hotel as part of the Trademark collection by Wyndham in September 2022.

The JLL Capital Markets team was led by Senior Directors Amy Lousararian and Henry Schaffer.

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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

 

 

 

CONTACT:

 

Alli Semans,

 Public Relations, Associate

Phone: +1 330 329 6750

Email: Alli.Semans@jll.com

 

jll.com. 

linchris.com

 

SIHI and Graycor Construction Begin First Phase of Four Million-Square-Foot Camelback 303

            SIHI  Camelback 303 Phase One rendering, Phoenix, AZ

GOODYEAR, AZ – Leading real estate developer, manager and investor Sunbelt Investment Holdings Inc. (SIHI), along with general contractor Graycor Construction Company Inc., have debuted design plans for and started construction on Phase I of Camelback 303.

The project initiates more than one-half-million square feet of fully speculative warehouse, distribution and manufacturing space within SIHI’s 4 million-square-foot Camelback 303 Class A industrial park, within the Loop 303 Corridor in Goodyear, Arizona.

Todd Holzer

Camelback 303 Phase I totals 516,320 square feet in a single cross-dock building, located on the southeast corner of Camelback Road and Pebble Creek Parkway.

 Features of the new building include 40’ clear height, 89 dock-high and four drive-in doors, 190’ concrete truck courts, 70’ speed bays, clerestory windows to let in natural light, storefronts at three building corners, and 421 auto and 103 trailer spaces (expandable).

Phase I is designed for use by a single tenant or is divisible to three tenants.

Rusty Martin

“We are thrilled to kick off Camelback 303. This is the first in a series of benchmarks that will ultimately deliver millions of square feet of modern, new space to Phoenix’s industrial inventory,” said Sunbelt Investment Holdings President Todd Holzer.

“Industrial demand in Phoenix is still strong with wide varieties of industries growing in the metro marketplace. "The Camelback 303 master plan addresses those forces, providing numerous building configurations for a full range of users looking for modern, freeway-adjacent space in an industrial park setting.”

Andy Markham

At completion, Camelback 303 is slated for up to 16 buildings ranging from 32,400 square feet to 1.25 million square feet.

The development is part of the even larger PV|303 master planned business park, totaling 1,600 acres and offering 20 million square feet of industrial, office and retail space.

Camelback 303 sits less than one-half mile from a full diamond interchange at the Loop 303 and Camelback Road.

 It is just three miles from the interchange of the Loop 303 and Interstate 10, in a submarket that includes corporate neighbors UPS, REI, XPO Logistics, Dick’s Sporting Goods, Ball, Wolf/SubZero, ALDI and Mercedes-Benz.

Mike Haenel 

“Sunbelt is a thoughtful and strategic developer,” said Rusty Martin, Graycor Construction Company’s Southwest Division General Manager. 

“We appreciate our long-standing relationship with the SIHI team and welcome the opportunity to build for them.

"This project, in particular, is significant both for its size and its modern characteristics and advantages. It is the right product at the right time, being delivered in one of the nation’s fastest growing industrial markets.”

Phil Haenel 

Construction on Camelback 303 is underway, with completion scheduled for first quarter 2024.

The architect for Camelback 303 is Butler Design Group. Graycor Construction serves as the general contractor.

Andy Markham, Mike Haenel and Phil Haenel of Cushman and Wakefield are the project’s exclusive leasing brokers. 

 

 

CONTACT:

Stacey Hershauer

480.600.0195

stacey@focusaz.com

www.sihiproperties.com.

www.graycor.com.

 

Northmarq arranges sale of mission-critical industrial property in Auburn Hills, MI for $8.65 million

DETROIT, MI, June 30, 2023) — BJ Feller (senior vice president and managing director) and Josh Dicker in Northmarq’s Chicago investment sales office, arranged the $8.65 million sale of a single-tenant industry property fully leased to the Morrell Group, including Stegner Controls as a division of the Morrell Group, a motion controls manufacturer that services dozens of industries including the automotive industry. 

The 77,100 sq. ft. facility is located at 3333 Bald Mountain Rd in Auburn Hills. Feller and Dicker represented the seller, a Michigan-based developer. The buyer was a private investor based in California.

BJ Feller

“Although the commercial real estate capital markets are facing headwinds in today’s higher interest rate environment, this transaction is a reminder that great assets still generate tremendous interest and engagement from investors,” said Feller. 

“Having received five offers in our first few weeks of offering the asset, we ultimately came to terms with an investor seeking to build their Midwest portfolio and prepared to demonstrate their commitment with non-refundable earnest money upon contract execution.”

 

Built in 1998, the property was renovated in 2021 and includes 57,825 sq. ft. of warehouse space and 19,275 sq. ft. of office space. 

Located in a strong submarket 30 miles north of downtown Detroit, the property benefits from direct access to I-75, a major interstate highway connecting Michigan to Florida.

 In addition to easy interstate access, the property sits at the outer edge of a large industrial park home to General Motor’s Orion Assembly Plant, a 4.3 million sq. ft. facility.

 

The industrial building is mission-critical to Stegner Controls, Morrell Group’s fastest growing division. Morrell Group is a leading distributor of advanced motion control solutions for industrial and mobile applications.

 Josh Dicker 

The single-tenant net lease industrial market was not immune to the first quarter 2023 slowdown, according to Northmarq’s Q1 2023 MarketSnapshot.

 However, the reduced investment activity does not automatically translate to a decrease in investor interest. The sale of Morrell Group’s mission-critical facility represents the persistent popularity of single-tenant industrial assets given their essential role in today’s economy.

CONTACT:

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 

 

James Cashman Named Property Manager at Maui Mall Village in KAHULUI, Hawaii

 

James Cashman

KAHULUI, Hawaii, June 30, 2023 – Maui Mall Village and JLL are pleased to announce James Cashman as the center’s new property manager.

 Cashman brings more than a decade of experience in residential real estate law and property management to this role. 

Born and raised in the Midwest, Cashman holds degrees from Michigan State University (B.S.), Vanderbilt University (J.D.), and Indiana University (MBA).

 

Serving the community since 1971, Maui Mall Village is a 235,000-square-foot outdoor retail center anchored by Longs Drugs (CVS), Regal Cinemas, T.J. Maxx, and Whole Foods Market. 

Maui Mall Village, KAHULUI, Hawaii

In total, the center features a diversified tenant mix of over 30 national, regional, and local retail stores, restaurants, and businesses. JLL began managing the center in 2019.

 

Todd R. Meadows (B), who served as the center’s previous property manager, continues to oversee Maui Mall Village in the capacity of Group Manager, Maui with JLL.

CONTACT:

 

David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 www.mauimallvillage.com.

jll.com