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Miami Developers Court New York Restaurateur to Help Sell Luxury Condos

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Miami Developers Court New York Restaurateur to Help Sell Luxury Condos


Main Meals Group, the proprietor of stylish Manhattan eating places similar to Soiled French and the Italian eatery Carbone, is extending its model into the booming Miami residential real-estate enterprise. 

The hospitality firm, which opened its first restaurant in 2011, is becoming a member of two Miami-based builders to construct a 58-story luxurious condominium tower on the southern Florida waterfront. The challenge is Main Meals Group’s first affiliation with a residential constructing. Will probably be often called the Villa and can embrace Main Meals Group eating places, which the corporate stated will possible be new ideas that draw parts from its present manufacturers. 

“Meals and beverage is now a forethought whereas earlier than it might need been an afterthought,” stated David Martin, chief govt of Terra, one of many builders. 

The Villa will price $500 million to construct and can break floor this winter, Mr. Martin stated. It’s scheduled to open in 2026.

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The collaboration is the newest instance of how landlords are more and more turning to high-end restaurateurs to generate cachet, promote condos, drive up workplace rents or enhance foot site visitors for close by retail properties. 

Mall proprietor

Simon Property Group Inc.

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stated final week that Spanish chef José Andrés would open three eating places at its purchasing facilities in Las Vegas and Palo Alto, Calif. In New York Metropolis, workplace landlord

SL Inexperienced Realty Corp.

tapped French chef

Daniel Boulud

to open public eating places and eating providers for tenants at its latest Manhattan developments, One Vanderbilt and One Madison Avenue.

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Inflation has barely damped Individuals’ enthusiasm for eating out. Spending at bars and eating places rose 15.3% in February from a yr earlier, nicely above the tempo of annual inflation, which was 6% in February in response to the Labor Division’s consumer-price index.

Main Meals Group and Terra declined to touch upon their monetary relationship. However because the pandemic, extra landlords are making it simpler for restaurateurs to get began and reduce threat by reducing base rents and taking a proportion of the restaurant’s month-to-month revenue, stated Andrew Moger, vice chairman on the brokerage Ripco Actual Property.

Simon Property Group stated final week that Spanish chef José Andrés would open two eating places at its purchasing facilities in Las Vegas.



Picture:

Simon

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The Howard Hughes Corp.

approached French chef Jean-Georges Vongerichten years in the past about opening a restaurant in Pier 17, the developer’s eating and leisure venue on the southern Manhattan waterfront. Underneath their association, the developer shouldered a lot of the prices related to constructing out the seafood restaurant, the Fulton, and accepted a proportion of gross sales in lieu of hire, stated Howard Hughes Chief Govt

David O’Reilly.

The chef and developer cut up the restaurant’s revenue, he stated. 

Howard Hughes stated it has reached comparable preparations with a number of different restaurateurs, together with Momofuku’s David Chang and Andrew Carmellini of NoHo Hospitality Group.

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“We got here out of the pandemic with higher outcomes than we had ever seen in any respect our eating places,” Mr. O’Reilly stated. 

Mr. Vongerichten final yr expanded at Howard Hughes properties, opening a 53,000-square-foot meals emporium on the South Avenue Seaport. Howard Hughes additionally acquired a minority stake in Jean-Georges Administration for $45 million.

José Andrés Group entered retail after years of opening eating places in luxurious lodges, stated President Sam Bakhshandehpour. The restaurateur opened Mercado Little Spain, a 35,000-square-foot meals corridor, in 2019 within the base of a brand new mall constructed by developer Associated Cos. in its Hudson Yards mega-project on Manhattan’s far west aspect. 

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A rendering of the Villa, which is able to price $500 million to construct and is scheduled to open in 2026.



Picture:

Binyan Studios

“For our real-estate companions, we accomplish two issues: We assist them push rents,” Mr. Bakhshandehpour stated. “We grow to be a vacation spot for locals, we drive site visitors and put them on the map.”

José Andrés Group’s partnership with Simon gives the chance to snag prime areas with heavy foot site visitors, such because the Las Vegas Strip the place the chef will open his Mediterranean restaurant Zaytinya on the Discussion board Retailers at Caesars Palace.

In residential growth, eating has grow to be an ordinary amenity akin to gyms and spas, Mr. Martin stated. Terra, which is teaming with the developer One Thousand Group on the Villa, not too long ago offered out one other restaurant-branded residential constructing, Mr. C Residences, that’s wrapping up building in Miami’s Coconut Grove neighborhood, with Ignazio Cipriani, a fourth-generation member of the household that runs Italian hospitality firm Cipriani. 

SHARE YOUR THOUGHTS

What’s your outlook on partnerships between restaurateurs and real-estate landlords and builders? Be part of the dialog under.

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Branded residences, traditionally the dominion of luxurious lodges, have in recent times attracted curiosity from different industries together with eating places, style homes and high-end automotive firms. Builders say they will cost premiums for apartment items which might be affiliated with luxurious manufacturers, which additionally might help distinguish their product in aggressive markets. 

The Villa residences will embrace about 60 items beginning at $4.5 million and providing 360-degree views of Biscayne Bay in Miami’s Edgewater neighborhood. There can be 20,000-square-feet of restaurant facilities, together with a residents-only Italian restaurant, residential eating, non-public chef providers and cooking classes. The constructing may also have one restaurant open to the general public. 

Main Meals Group is coming into the residential enterprise as costs have been falling in a lot of the nation, however Miami stays a sizzling market. Town had the quickest annual home-price progress within the nation in January at 13.8%, in response to S&P Dow Jones Indices. 

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The New York-based Main Meals Group has opened seven eating places and personal golf equipment in Miami over the past two years. Including residential to its portfolio felt just like the pure subsequent step, stated co-owner Jeff Zalaznick. 

“Opening a restaurant, we’ve clearly carried out many occasions,” he stated. “This time we get to assist create the constructing that surrounds it and all of the facilities.” 

Write to Kate King at kate.king@wsj.com

Copyright ©2022 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Miami, FL

15-year-old girl shot at McDonald’s in NW Miami-Dade; police believe shooting was accidental – WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale

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15-year-old girl shot at McDonald’s in NW Miami-Dade; police believe shooting was accidental – WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale


NORTHWEST MIAMI-DADE, FLA. (WSVN) – Rescue crews took a 15-year-old girl to the hospital after, police said, she became the victim of a shooting in Northwest Miami-Dade.

Miami-Dade Police and Fire Rescue units responded to the scene of the incident at the McDonald’s at Northwest Seventh Avenue and 95th Street, at around 10:15 p.m. on Friday.

Investigators said the teen was wounded in the shoulder while at the fast food restaurant.

Paramedics brought the victim to Jackson Memorial Hospital’s Ryder Trauma Center.

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Detectives are questioning one person. They believe the shooting was accidental.

Copyright 2024 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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A First Look Inside Chef Jean-Georges’ Miami Residential Building

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A First Look Inside Chef Jean-Georges’ Miami Residential Building


French chef Jean-Georges Vongerichten might be known for his culinary empire, but now the famous chef is expanding his reach with his first-ever residential project: Jean-Georges Miami Tropic Residences.

Vongerichten partnered with developers Terra and Lion Development Group to launch the 48-story tower, which will house 329 condos ranging from one to four bedrooms. The building will have 41,000 square feet of amenity spaces, including landscaped gardens, a swimming pool with cabanas, a private rooftop restaurant, and a podcast recording studio. The ground floor of the building will have 27,500 square feet of high-end retail space. New York-based design firm Yabu Pushelberg is responsible for all of the interior spaces and Arquitectonica did the architecture. It’s located in the bustling Design District, known for its ultra-luxe stores, impressive art galleries, public art, and historic architecture.

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“Yabu Pushelberg’s timeless design in the homes and spaces throughout the building is simultaneously serene and vibrant,” says David Martin, CEO of Terra. “The goal was to create a multi-layered experience. From the entrance to the residences, every detail reflects Yabu Pushelberg and Jean-Georges’ joint vision of fine living and entertaining.”

Previously, Vongerichten worked with Yabu Pushelberg to design The Fulton by Jean-Georges in New York, a waterfront restaurant within the city’s Seaport District. Unlike most of Miami’s white box interiors with stark-white walls and floors, Jean-Georges Miami Tropic Residences is infused with plenty of color that reflects the surrounding nature found in Miami. The interiors feature deep green hues, plenty of spectacular greenery. Walking through the entrance of the building is like walking through a garden oasis, with soaring green tiled walls and tropical plant-flanked walkway.

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“We integrated shades of green, natural woods, and stones found in the tropics as a nod to Miami’s lush environment, allowing the surrounding flora and fauna to influence the interiors,” George Yabu, co-founder of Yabu Pushelberg tells Forbes. “We also layered in bold, playful textures throughout the project and added vibrant commissioned art to pay homage to the culture of Miami’s Design District.”

The residences feature warm textures and hues, with warm wood, and rose-colored tiling in a few of the kitchen layouts, and a living room with colorful furniture with yellow and green hues. Each residence is wrapped in floor-to-ceiling windows and sliding glass doors that open to a terrace with incredible views of the city and water. There are two color palettes: dawn, reflecting the delicate hues of early morning light, and dusk, featuring evening-inspired hues. The kitchens in the dawn color palette features Crema Marfil marble countertops and an orange-brown ceramic tile backsplash, warm champagne metal accents, and Italian wood cabinetry with a Beachwood finish. Meanwhile, the dusk kitchens have Green Diabaz stone countertops, dark-blue ceramic tile backsplash, rubbed metal accents, and Italian wood cabinetry in a dark finish. One of Vongerichten’s primary focuses was creating a versatile and ergonomic kitchen. He helped select materials and appliances and wanted the island to be the focal point of each kitchen.

“Our friendship with Jean-Georges naturally evolved from being neighbors in the West Village to creative collaborators,” says Glenn Pushelberg, the other co-founder of Yabu Pushelberg. “Introducing him to this project felt like a perfect fit—not only as a friend but as a visionary whose charisma and wisdom bring energy to every project. Our first collaboration, The Fulton restaurant, embraced the rich history of New York’s Pier 17, and with Miami Tropic, we drew similar inspiration from Miami’s vibrant surroundings, bringing to life the vision of the city we all dream of. Partnering with Jean-Georges to reimagine Miami living felt like a natural next step.”

While this is Vongerichten’s first residential project, it’s not his first foray outside of the restaurant space. This year, he helped open New York’s latest members’ club, Chez Margaux.



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Designs revealed for Miami-inspired city in the Middle East

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Designs revealed for Miami-inspired city in the Middle East


A masterplan has been unveiled for a coastal neighborhood in Bahrain which is partly inspired by the U.S. city of Miami.

Bilaj Al Jazayer Beach will span just over two miles of length along Bahrain’s coastline. According to an official release, the mixed-use district will draw inspiration from Miami’s low-rise Art Deco buildings combined with traditional local design.

The walkable locale will feature new homes, hotels, and retail options in addition to public green spaces and “state-of-the-art” amenities.

The city is designed around three main streets, which will be lined with native trees and are intended to encourage walking and cycling across the district.

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In this rendering, a vehicle drives down a street reminiscent of those in Miami. Miami’s low-rise Art Deco buildings were part of the inspiration behind the waterfront neighborhood.

Foster + Partners

The site will be flanked by two large hotels, with smaller, boutique hotels positioned at 500-meter intervals throughout, and residential communities nestled in between.

Neighborhoods will incorporate shaded green courtyards and alleyways that the city’s designers say are inspired by Bahrain’s traditional design principles to create cool outdoor spaces.

Bahrain Miami overview
An overview of Bilaj Al Jazayer Beach. It could span just over two miles along Bahrain’s coastline.

Foster + Partners

At the heart of the development will lie a public surf park, featuring wave-generation technology to simulate the experience of a natural ocean environment on land.

The beach links to a network of piers stretching into the sea, forming protective coves to safeguard the shoreline, and a green park will serve to separate the beachfront from the main road.

BM overview 2
A second overhead of the beachfront development. The beach links to a network of piers stretching into the sea, forming protective coves to safeguard the shoreline.

Foster + Partners

“We are creating a green and walkable community on the beach, which offers a range of crafted experiences for residents and visitors,” said Gerard Evenden, head of Studio ar Foster + Partners, the firm behind the designs.

“The permeable development features tree-lined streets, shaded courtyards, and a spectacular public park that directly connects with the waterfront. Needless to say, the west-facing district will also offer some of the best sunset views in Bahrain,” Evenden added.

Newsweek has contacted Foster + Partners for comment via email form.

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BM sun low
In this rendering, the neighborhood’s streets are lit as the sun sits low in the sky. The city is designed around three main streets, which will be lined with native trees and are intended to…


Foster + Partners

Bahrain, officially the Kingdom of Bahrain, is a small island nation in the Persian Gulf, situated between Saudi Arabia and Qatar.

With a population of around 1.5 million, its economy primarily relies on oil, financial services, and tourism.

In neighboring Saudi Arabia, the first project for the country’s Neom megacity recently opened.

Known as Sindalah, the opening of the “luxury island destination” represented a significant milestone for the project, which has become the world’s biggest construction site as part of an effort by Saudi Crown Prince Mohammed bin Salman to diversify the nation’s economy.

However, a recent report from human rights organization ALQST warned that companies working with the biggest construction projects in Saudi Arabia, which includes several American firms, run the risk of “political and reputational risks” as the projects face allegations of dangerous conditions and abuse of migrant workers.

The report came amid allegations that thousands of migrant construction workers have died or gone missing since 2017.

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