The Real Estate Supplement

A Special Advertising Section 

Interview

Jeff Morr: Helping People Realize Their Dreams

By Cindy Napoles

Contributing Writer

With miles of sandy beaches, sparkling seas, and eye-catching architecture, South Beach reminded Jeff Morr of his childhood in Tel-Aviv.  So much so, in fact, that within a week of visiting it for the first time, Morr had decided to leave his Broward County home, sell his business and buy a condo right in the heart of South Beach.  Twelve years later, Morr now owns Majestic Properties, the top selling real estate agency in the Miami Beach area.

Moor started selling real estate at age 20 while he was still in college working towards a degree in advertising and marketing.  After his second day on the job, Morr sold his first house and, after seeing how much money he could make, he decided that the real estate industry was the place to be.  At first Morr worked for several real estate companies in South Florida.   Then, in 1995, five years after moving to South Beach, he decided to start his own company: Majestic Properties.

What began as a small real estate office with four or five realtors has grown into a full service real estate agency with two offices and over 100 realtors.

SunPost:  What is it about Majestic Properties that makes it both unique and successful at the same time?

Morr:  Our knowledge of the marketplace, of financing, and property values. And also our honesty and drive to please the customer.  We are a full service real estate agency that specializes in luxury residential homes.  We are part of the entire process of the industry from choosing the site, to financial projections, to development consultations, the whole thing. 

SunPost:  Are you also a developer?

Morr: No, we’re not developers but we’re there for the developers during the whole process.  We help them.  Kind of like a partner, we “hold their hand” throughout the entire project.

SunPost: And do you look for the developers or do they come looking for you?

Morr: They seem to come to me.  They know the kind of company that we are and the values that we hold.

SunPost: Your realtors must play a big role in maintaining this image.  What do you look for in a realtor?

Morr: We are very selective about the people that we hire.  They must have integrity, ethics and people skills.  They have to fit the Majestic image of honesty and sophistication.  They must be business savvy, honest and just have good personal qualities.  When I first started the company I said I would never hire a realtor that didn’t have experience, but I’ve learned that sometimes experience is outweighed by certain qualities. So now it’s not so much about experience as it is about qualities.  As a matter of fact, one of my top sellers last year had no real estate experience prior to this.

SunPost:  With the economy doing poorly lately why does real estate continue to remain strong?

Morr:  People are starting to notice that the stock market isn’t a safe place to put your money anymore.  With the stock market so questionable, people look for other places to invest money in.  Real estate is more tangible than the stock market.  It doesn’t go up and down, and when you’re tired or just don’t want to do it anymore you can just sell and move on.

SunPost: Does South Florida continue to be a hot market for Latin American investors?

Morr:  Definitely. Very hot.  Many affluent people from places like Colombia and Venezuela used to have summer homes here, but as the economy and living conditions in their country deteriorates they’ve kind of given up on their countries.

SunPost: Would you say South American investors are your biggest clients?

Morr:  One of the biggest, but we also have a lot of local market.  The New York market is hot as well.  New York and South Florida seem to somehow be connected at the hip.

SunPost:  Do you advertise in New York and other cities across the US?

Morr:  We do a lot of advertising in newspapers and some magazines.  We also have a new $25,000 website. We’re doing really well with it and we’re getting a lot of hits.

SunPost: What is the most rewarding aspect of your industry?

Morr:  Helping people realize their dreams.  We help them with every part of the buying process.  We’re even there for them after the closing. We’ll help them with anything they need by giving them referrals to people that we’ve worked for previously like landscapers or architects.  A sale is only the beginning of a process.  And by being there for them they give us referrals and repeat business.

SunPost: Aside from your business, what else do you enjoy?

Morr:  I live to travel.  I like to travel as often as possible.  I encourage all my realtors to take time off and travel.  I also like boating and foreign movies, oh, and napping.  I like to work hard and play hard.  But I try to live as stress free of a life as possible.  It’s important to relax.  I have two philosophies. One is work to live or live to work.  You must have a balance between the two.  Real estate is a wonderful business, but you must have a balance between that and something else.  My second philosophy is to spend time with loved ones and yourself, but at the same time be responsible about it.  It’s important to balance work and time away from work.

The NewStar Real Estate Report

If I had a property priced from the mid three hundred thousands to seven hundred thousands and did not have a pressing need to sell, I would take it off the market. 

By Andrea Silverthorne
New Star Realty 

This month NewStar Realty Inc. looks back over summer sales results. During the sales days that fell between Memorial Day and the day after Labor Day, 392 properties went under contract in the 33139 zip code. This represents 1/3 of the existing inventory that was “on market” at the beginning of the summer, and yet . . . the current “on market” inventory still hovers at the same total amount that it did in at the beginning of June, around 1200 units.

Given this evidence of a healthy sales attrition rate, NewStar took an in-depth look at the type of sales that closed in different price ranges; there are some very interesting results. The upper middle class buyer is not present in the market in significant enough numbers to bring these inventory numbers down.

In the under $300,000 category, “on market” supply ranges from less than a month (the below $75,000 price range), to just below a year, in the $250,000 to $299,000 range. Then the 33139 market goes sour from just above the $300,000 dollar property to those just below $750,000. In these price ranges we have a 20-24 month supply of inventory sitting on the market . . . not counting the new Waverly which came on the market as a condo conversion this summer. The Waverly consists of about 400 units.  About 50% of its units are above the $300,000 price point, and another 150 units are above the $400,000 figure. They have presently contracted for a little over 20% of their inventory, with about half of it selling fewer than $300,000 and half above.  The over all supply on market for the property priced between $300,000 and $500,000 then sinks to a little less than 14 months; the new Waverly is suppressing the market for the reseller.  The over $500,000 to $750,000 is not affected by the entrance of the Waverly to the market.

The old adage the rich get richer still rings true. Once you look at properties over the $750,000 mark, up to $1 million, and then at the over one million dollar category, you again have a very healthy market, only a four months supply for the properties that are priced from $750,000 to $1 million, and a nine months supply for the over a million dollar units. This is all, of course, based on summer sales rates. Summer rates will change some in the lower categories as we approach the season. In the high price ranges we usually pick up quite a bit.

So what does all this mean? Well not being an economist, I will not attempt to divine anything more from the data than what it means to the real estate owner, but if I had a property priced from the mid three hundred thousands to seven hundred thousands and did not have a pressing need to sell, I would take it off the market. This type of large inventory leads to a buyer’s market. Lower inventories will keep the price per square ft selling prices higher for those that must sell, and will give the buyer who waits the benefit at a later date.

Results are complied from The Dade Regional Multiple Listing Service for the time frame studied; from the tax roll; and by calling developers who are marketing their product with out the benefit of the MLS. For a look at the present and future sales potential of your property call NewStar Realty Inc., at 305-322-4055.

 Continuum Continues to Redefine Luxury Living South of Fifth

“We offer an unrivaled combination of location, luxury and style, and because of it, we’re practically sold out.--Ditti Steiner, Director of Sales for Continuum.

There’s never been a resort development like Continuum…and there never will be again.

This majestic 40-story tower stands on one of the world’s most prized pieces of real estate at the tip of a secluded peninsula in the perennially chic “South of Fifth” neighborhood. Surrounded by white sand beaches and the turquoise waters of the Atlantic, this exclusive property spans 12.9 lush acres of exotic palm groves dotted with free-form swimming pools and fountains. With 97% of units sold, buyers are rushing to seize this extraordinary chance to get into South Beach’s most sought after address before it’s too late.

“Sophisticated buyers immediately recognize a unique opportunity,” says Ditti Steiner, Director of Sales for Continuum. “We offer an unrivaled combination of location, luxury and style, and because of it, we’re practically sold out.  In addition, with closings starting in November, are looking forward to moving in right away.”  

Ranging from 2,500 to 7,000 square feet of living space, each glamorous residence is embraced by stunning glass walls and 10-foot floor-to-ceiling windows. Wrap-around balconies admit breathtaking vistas of sky and sea, unparalleled skyline views of Miami and Miami Beach and a chance to truly taste the unique South Beach lifestyle. All units offer an incomparable combination of magnificent appointments like imported marble floors, granite countertops and Italian kitchens boasting top-of-the-line Miele appliances.

A three-story, 20,000-square-foot spa and fitness center crowned with a rooftop pool, a private championship tennis club and 24-hour services including concierge and valet complete the picture of elegant, carefree living.

“We’re literally changing the landscape by creating the kind of superb amenities and tropical lifestyle that people imagine when they think of South Beach,” says Ian Bruce Eichner, developer of Continuum. “We have brought that fantasy to life.”

Prices start at $731,00. The fortunate few who capture this last opportunity will savor the ultimate in South Florida living.

For more information, contact the sales center at 1-877-ONE-SOBE. 

Coldwell Banker Residential Real Estate

With 6 offices in Miami Beach, and over 20 offices throughout Miami-Dade to serve homebuyers and sellers, Coldwell Banker Residential Real Estate, Inc. offers a variety of services including residential and commercial sales and leasing, mortgage, title services, property management, relocation, and home protection plans.

For sheer excitement, it is hard to beat South Beach. Its multicultural mix of people, languages and ethnicities make for sophistication and fun. The Beach is a 24-hour kind of place – like New York – never really dark.

Marketing the most sought after properties in the world requires a professional with impeccable discretion, superb connections and extensive expertise in selling exceptional residences. More owners of multimillion-dollar properties call on Coldwell Banker and their Previews International program to handle this challenge than any other company in the world. No other real estate company can match its superb global network, powerful marketing resources and exemplary history of success.

With 6 offices in Miami Beach, and over 20 offices throughout Miami-Dade to serve homebuyers and sellers, Coldwell Banker Residential Real Estate, Inc. offers a variety of services including residential and commercial sales and leasing, mortgage, title services, property management, relocation, and home protection plans.

Coldwell Banker’s global connections span over 32 countries including Argentina, Brazil, Bolivia, Chile, Colombia, Ecuador, French Guyana, Guyana, Paraguay, Peru, Suriname, Uruguay Bermuda, Canada, the Caribbean, Central America, China, Israel, Mexico, the Philippines, Singapore, Eastern and Western Europe.

Coldwell Banker Residential Real Estate also gives back to the community it serves by participating in local events and festivals. Once again, Coldwell Banker is proud to be a corporate sponsor of the Miami Beach Arts Festival, the Coconut Grove Arts Festival, the Beaux Arts Festival and Susan G. Komen Race for the Cure, to name a few.

As rich in history as the markets they serve, Coldwell Banker Residential Real Estate challenges you to expect even more  . . . more services, more choices and more connections.

For more information about Coldwell Banker Residential Real Estate, call 305-6672-5800 or 305-538-0129.

New, Private Marina Planned for the Bentley Bay Luxury Residential Towers

The property’s sleek glass towers, designed by the award-winning architectural firm Arquitectonica, resemble a magnificent yacht under full sail and sport spectacular views of the Atlantic Ocean, Biscayne Bay, Port of Miami and downtown Miami skyline.

Residents of the Bentley Bay will be able to keep their yachts, speed and sailboats right in their own backyard making the 170-unit, twin tower luxury condominium located at 540 West Avenue, Miami Beach’s most sought after address. 

“The Bentley Bay is American Riviera living at its finest,” says Ricardo Oliveri, Chairman of the Bentley Group,  “the ideal fit for the Bentley Bay’s nautical inspiration.” The property’s sleek glass towers, designed by the award-winning architectural firm Arquitectonica, resemble a magnificent yacht under full sail and sport spectacular views of the Atlantic Ocean, Biscayne Bay, Port of Miami and downtown Miami skyline.

Oliveri expects to secure the approval for the proposed 90-slip marina after three years of obtaining permits on local, state and federal levels. The Bentley Bay property includes 11 acres of bay bottomland that stretches 800 feet into Biscayne Bay.  In return for the permits, Oliveri intends to give back 300 feet of the bay bottomland for conservation and keep 500 feet for the marina, which will be Miami Beach’s first in nearly 10 years. 

Design plans allow vessels ranging in size from 60 to 130 feet to dock at the marina.

Bentley Bay owners will have the first right of refusal for space. Ivana Trump, future resident of the Bentley Bay, plans to dock her yacht “The Ivana” at the marina.  Dockage will also be available for those who want to enjoy waterfront dining at the Bentley Bay’s restaurant.

While the project is 80% sold, one, two and three bedroom residences are still available.  With only three to five units per floor, residents are afforded great privacy. Prices range from $300,000 to more than $3.3 million.  Slip prices will range from $3,500 to $4,000 per linear foot. 

For more information on the Bentley Group, call 305-672-8010 or visit www.thebently.com. 

Coastal Construction Group Opens New Division

Coastal Interiors to Focus on Luxury Residential, Commercial Markets 

Thomas P. Murphy Jr., President and CEO of Miami-based Coastal Construction Group, has announced the creation of Coastal Interiors, a new operating division that will focus on serving the luxury residential and commercial build-out markets.

“Our new division will provide full interior build-out and renovation services for custom homes, condominiums and commercial projects,” says Murphy, whose family has been building through out Florida for over 50 years. Luxury condominium buyers today are given “vanilla boxes,” or a raw unit, without finishes.  “Coastal Interiors works in collaboration with the client’s interior designer, architect or both to make any desired floor plan changes and will completely finish the unit, down to the last detail,” says Murphy. “We have been doing fit-ups and interior remodeling for more then three decades and with many new condominiums and building projects coming on line, this new division will enable us to focus on this growing South Florida market.”

Coastal has completed more than 250 interior projects over the last 25 years including 30 banks, 20 restaurants, institutional clients and numerous law firms in addition to its array of multi-million dollar residential interior build-outs in such enclaves such as Fisher Island, Deering Bay, Ocean Reef, Turnberry, Williams Island, Jupiter Yacht Club and Boca Raton’s The Excelsior.  Coastal Homes and Coastal Interiors have been involved with homes from Ocean Reef Club in Key Largo to Palm Beach while Coastal Condominiums and Coastal Construction focus on projects throughout the entire state of Florida.

Nowhere is the company’s uncompromising commitment to quality more apparent than in its distinguished homes. Coastal Homes, one of Coastal’s four operating divisions, has built for clients such as Oprah Winfrey, Sylvester Stallone, Dan and Claire Marino, Jimmy Johnson, Don and Maryann Shula, Raymond and Maria Floyd, Kathy Lee and Frank Gifford, Bob Vila and many others, as well as Fortune 500 CEOs and members of Forbes 400.  Remarked Coastal Construction customer, Oprah Winfrey, “Coastal Construction did an absolutely magnificent job on my new home, and this was the best construction experience of my life by far.”  One of Florida’s premier builders, Coastal Homes, has built more than 200 multi-million-dollar custom homes and thousands of equally luxurious condominium residences.

Award winning Coastal Construction Group operates four divisions:  Coastal Construction Company specializing in hospitality, commercial, industrial, academic and special use projects; Coastal Homes building one-of a kind ultra high-end homes, Coastal Condominiums active in the construction of mid and high-rise condominiums and Coastal Interiors specializing in building interiors of fine homes, offices and commercial spaces.

For more information, call Goran Ljustina, Division Manager for Coastal Interiors, at 305-559-4900.

Bellini on the Ocean

Bal Harbour's Newest Waterfront Beauty  

Bal Harbour is undeniably a city where luxury lifestyles and beautiful people are the norm rather than the exception.  In this world-famous bastion of style and sophistication, Martin Z. Margulies' Bellini on the Ocean is, nevertheless, setting an all-new standard. Following in the wake of such triumphs as Grove Isle in Coconut Grove and Grand Bay Towers on Key Biscayne, the esteemed developer is taking his winning formula north to this community of just over 3,000, where this month’s demolition of Kenilworth House will usher in the commencement of Bellini construction.  Completion is set for Spring 2004.

In preparation, Margulies has just returned from Italy and Turkey where he personally selected the lush marble and granite finishes that will grace the building’s public areas as well as each unit’s sumptuous his-and-hers master bath and guest baths.  Known for his art collector's attention to detail, Margulies has also handpicked Dellacasa USA to custom-design the gourmet Italian kitchens that will be a standard feature in every Bellini residence.

Additionally, Martin Margulies is leaving his indelible signature on the tower’s architectural design and floor plans.  At 24 stories, Bellini will feature 81 ultra-exclusive homes directly on the ocean.  Ranging from 3,000 to 9,000 square feet, these will be among the largest high-rise residences ever built in Bal Harbour as well as the most innovatively laid out.  Because the developer believes in giving purchasers choice, versatility and plenty of interior space, most floor plans feature open, eat-in kitchens that adjoin expansive family rooms.  This accommodates both family living and entertaining while giving the chef in the house a panoramic view of the ocean as he or she puts to good use Bellini's deluxe appliance package, which includes a Subzero efrigerator/freezer and additional under-counter refrigerator.

For ultimate privacy and security, each Bellini residence will be accessed directly via private high-speed elevator.  Entering the home's formal foyer, the oceanfront and bayview panoramas will instantly fill the horizon through walls of glass leading to balconies with glass railings for unobstructed vistas.  Then, consider the tower’s amenities package, which features a grand formal lobby, oceanfront pool and party room, secured garage parking and state-of-the-art security as well as 24-hour concierge, valet and housekeeping service. 

Nevertheless, the piece de resistance will be the residents-only 4,000-square-foot fitness center/spa custom-designed by ultra-elite SpaVida.  Featuring health, fitness, beauty and wellness regimens for a 40+ clientele, the Bellini spa will offer full-circuit cardiovascular and strength training in addition to Pilates, yoga and aqua exercise.  Personal training as well as weight-management and nutritional counseling will be offered.  Other planned services include massage, hydrotherapy, cosmetic dermatology, manicure, pedicure and hairstyling.

Additionally, the Bellini spa will include one of SpaVida's signature spa cuisine cafes, serving breakfast and lunch daily on balconies overlooking the Atlantic.  The gourmet menu of heart-healthy nouvelle cuisine will be developed by SpaVida culinary consultant Randall W. Lewis, the executive chef for Kendall-Jackson Wine Estates and a 2001 honoree as one of Food & Wine Magazine’s “Best New Chefs in America.”

Put it all together, and the finished product promises to be yet another success for Martin Margulies, who delivered each phase of Grand Bay Towers in a record 16 months and plans to do the same with Bellini.  Not surprisingly, Margulies says sales to date are running well ahead of forecast.

Residences are pre-sale priced from $1 to $3 million, with penthouse pricing available upon request.  The Bellini on the Ocean Sales Center is now open at 10225 Collins Avenue, Bal Harbour.  Hours:  Monday - Friday, 10 a.m. - 6 p.m., Saturday & Sunday, 11 a.m. - 5 p.m., (305) 861-8711, www.bellinibalharbour.com.   

Carson Realty Group: Open for Business

 “Above all, Carson Realty Group is concerned with helping people find the best property to meet their needs.”—William Carson, co-principal of Carson Realty Group. 

As Miami Beach Real Estate becomes ever more competitive, knowledge of the market and individualized service becomes even more critical.  Buying Real Estate is one of the most personal and expensive decisions most people make in their lifetime. Unfortunately, as more and more very large agencies have entered the area, the selling and buying of Real Estate has taken on a more corporate and mass-market approach.

Just opened, Carson Realty Group specializes in exclusive one-on-one service for their Buyers and Sellers.  Principals William Carson and Carlo Gambino have joined forces and their extensive expertise to create a unique, personalized agency.  Both Carson and Gambino were top agents at the former Kent Karlock Realty for years and know the Miami Beach Real Estate market as seasoned professionals.  Says Carson: “With the buyout of Kent Karlock Realty by the mega-corporate Coldwell Banker Residential Real Estate we saw the need for our kind of company to fill the void for an upscale, boutique-type Real Estate office in the Miami Beach marketplace.  Our concept is to hire experienced, self-motivated agents to provide the best service to our customers.  We give them the tools they need to succeed without burdening them with tons of corporate paperwork and endless office meetings.  We are not one of those companies that offers training to new agents and run as many as possible through the mill to win in the numbers game. Real Estate is an extremely personal business.”

In addition to his tenure at Kent Karlock, Carson has worked extensively with local developers in creating numerous properties for the residential market.  “My input with each development was critical to the success of the project. Whether it was marketing, pricing or kitchen planning, we worked together on all levels of the development.” Concerninh his new venture, Carson says,  “Above all, Carson Realty Group is concerned with helping people find the best property to meet their needs.  We are sensitive to both the client and the current market conditions and work hard to make the best possible match.  We consider our clients as part of the family and take each assignment personally and seriously.”

Adding an international business dimension to Carson’s experience with developers is partner Carlo Gambino.  Born in Italy to a family with a long history in the diplomatic corps and raised in Argentina, Gambino pursued a Masters degree in International Business from Cornell before moving to Miami and joining InterContinental Hotels’ international sales force.  “I have been in Miami for the past 14 years,” Gambino relates.  “I have experienced the transformation of Miami Beach and have gained a lot of experience in Real Estate by investing into several projects –The Yacht Club at Portofino, Murano, The Mark, and the Grand Venetian.  I try to buy pre-construction from the developers and get into the best projects early in the game.  More importantly, I can share my experiences and expertise with my clients”.  After working for several years for Kent Karlock in his boutique office off Lincoln Road, Gambino decided to join forces with William Carson to open their own agency. “We have clients from all over the world, each with their own particular wish list.  Fortunately, because of our experience in all areas of the real estate market, we are able to work with a wide range of clients whether they simply need a weekend place at the beach or desire to invest and develop new properties. Part of our success is due to the seasoned team of agents that we have hand picked and assembled.  Each one of our agents brings years of experience to Carson Realty Group.  We know that our clients are busy and don’t have time to look at the wrong property.  We make sure that our clients are looking at the properties that are best suited for their needs.”

Carson Realty Group, Inc. is located at 1626 Jefferson Avenue, Miami Beach, FL 33139.

For further information, please contact William Carson or Carlo Gambino at 305-531-9277.

Arcadia: The South of Fifth Street Connection 

Arcadia and Darlene Brinkley have just sold a little historic home at 205 Michigan.  Arcadia Real Estate is becoming the "historic" expert south of 5th Street. Arcadia has 3 little historic homes which are very rare. Plus South of Fifth Street is a great residential area to live with luxury hi-rises, Mediterranean townhouses, small single family homes and just steps from the bustle of SoBe. Have a yard for the same price as a condo or townhouse. For more information on living South of SoBe call Madileine Romanello of Arcadia Real Estate at 305-282-2133 or her cell at 305-282-2133. 

Indigo Bay 

Imagine this is your backyard:

Glorious waterfront living, and the privacy of luxurious one unit and two unit floors. Indigo Bay is the home you've dreamed of, right here in Bay Harbor Islands. The private marina, landscaped promenade, fitness center and pool deck compliment the elegantly appointed residences with spectacular views in every direction.

But act quickly, because Indigo Bay's 16 premiere units won't last long at pre-construction prices from the mid $300's.

To stimulate your imagination even further, please call 305-867-9355. Exclusive Broker: Real Estate Transactions, Inc.

The Floridian 

Spacious one, two, three-bedroom apartments, and breathtaking penthouses boast luxurious finishes, large square footage, resort-style living with panoramic views of Biscayne Bay, Downtown Miami and the Atlantic Ocean.

The 33-story Floridian is the premier waterfront address in the heart of the world renowned South Beach, only steps away from white sandy beaches, designer boutiques, fine dining and spectacular nightlife. Spacious one, two, three-bedroom apartments, and breathtaking penthouses boast luxurious finishes, large square footage, resort-style living with panoramic views of Biscayne Bay, Downtown Miami and the Atlantic Ocean.

The luxuries of living at The Floridian are almost immeasurable. Featuring two large bay front pools (including a heated lap pool), a professionally staffed health spa, computer center/conference room, state of the art fitness center with personal training, complimentary yoga and tennis classes, valet parking, full service concierge, a convenience store, garage parking, outside parking, furnished corporate suites, and housekeeping service. Our designer glass balconies showcase the unparalleled ocean and bay front views. Reserve your view today for the best combination of upscale convenience and non-committing rental status.

This masterpiece is owned and managed by Gumenick Properties continuing their tradition of excellence with over 45 years of professional experience.

For more information call Rhonda Smith at 305-673-2550.

Record Sales Pace Continues at the Roney Palace Oceanfront Condominium

Final Phase of Inventory Nearing Sell-Out

The Roney Palace Oceanfront Condominium continues to maintain it’s record-setting sales pace and the all-new unit design takes the credit.  Since January, more than 70 individuals have become owners at the Roney Palace and sales for the year have just surpassed the $20 million mark.  With more than 80% of the project sold out at this point, there is limited remaining inventory on the exclusive Club, Loft and Penthouse levels.

“The Roney Palace continues to prove itself as a valuable and logical ownership option for South Beach buyers from around the world.  Our revitalization of the unit design, combined with our premiere location and 600 feet of private ocean frontage combine to make the ownership opportunity extremely compelling,” says Bruce Green, Vice President of Sales and Marketing.  “Our record sales levels are an indication that the Roney Palace Oceanfront condominium is a location of choice for the discriminating South Beach buyer.”

Among the property’s recent renovations is a redesigned Sales Showcase, which now offers a state-of-the-art selection area. Here, prospective buyers can see firsthand the array of amenities and design elements available in every unit, including European kitchens by KnolteÒ, bath fixtures by Porcelanosa and top-of-the-line GE ProfileÒ appliances.

Chad Oppenheim, recently named “Young Architect of the Year” by the Miami Chapter of the American Institute of Architects, will design three “Club Floor” levels, cutting-edge living spaces that will include trendy “Club Floor Lofts” featuring 12 foot ceilings, European kitchens and baths and an open floor plan design. Currently in the planning phase is an exclusive roof top solarium that will be available for Club Floor residents only.

Located at Collins Avenue and 23^rd Street, the Roney Palace Oceanfront Condominium fronts 600 feet of prime oceanfront and is within walking distance of the shops, restaurants and sizzling entertainment venues of Ocean Drive and Lincoln Road. The condominium, which shares its site with the Roney Palace Beach Resort, provides residents with a wide variety of concierge services, including 24-hour room service and security, same-day dry cleaning and laundry, and airport pick-up. Residents also enjoy full use of the resort’s amenities, such as the 10,000 square foot Larry North Fitness Center, landscaped Fantasy Pool, Jacuzzis, and a poolside bar and grill overlooking the ocean.

For more information, visit the Roney Palace Oceanfront Condominium sales office on the 8^th Floor at 2301 Collins Avenue, Miami Beach or call 305-531-1821.

Kobi Karp: The Condo Architect Wiz 

Kobi Karp, owner of the award-winning firm Kobi Karp Architecture and Interior Design, designs city halls, private homes, resort hotels – but his specialty is condo towers. Some examples of condo prowess can be seen in the just finished Grand Venetian in Miami Beach and his most current project, Ocean Blue. With designs based on the realities of market conditions, and the aesthetic goals of clients, Karp is an international architect of great acclaim. Most recently, he was awarded the Part Hyatt Hotel project in Roatan, Honduras, which promises to be the prototype for future Park Hyatt projects.

The office of Kobi Karp and Associates is located at 17100 Collins Avenue, Suite 219, Sunny Isles Beach.  For more information call 305-945-3636. 

420 Lincoln Road 

Already the building has attracted tenants such as Universal Music, ASCAP, Deston Songs, Maverick Recording Co., MegaModels, Santander Music Group and Rush Production.

Built in 1940 the 402 Lincoln Road building recently underwent a $20 million renovation that preserves its landmark status while incorporating the state-of-the-art amenities needed by offices in the 21^st Century.

The façade was fully restored to its original form.  The storefronts were detailed in black granite and stainless steel.  Its lobby has been left in its original form, including a series of murals painted by artist Leo Birchansky.

Already the building has attracted tenants such as Universal Music, ASCAP, Deston Songs, Maverick Recording Co., MegaModels, Santander Music Group and Rush Production. Paul Cejas, the building’s part owner, told Miami Today recently that he is projecting 420’s strong “industry image” to attract more show business companies.

“I like to think of it as the Rockefeller Center of South Beach,” he said.  “Not only because the building has historical significance to the community but because it’s a great venue for the entertainment industry.”

For more information on 420 Lincoln Road call the real estate firm of CB Richard Ellis at 305-381-6487. 

The Condo Company 

The Condo Company is a highly specialized Real Estate company that focuses on South Florida’s Condominium market.

The purchase and sale of a condominium is a much different type of real estate transaction than most. Its focus is providing knowledge to both buyers and sellers. With the dedication that comes with specialization, the Condo Company is able to assist both buyers and sellers, answering any questions that may arise. Its agents have the experience to help ensure a trouble free closing that will supersede your expectations with the quality of service you deserve.

South Florida is a “gateway” city to the entire international community. With this in mind, The Condo Company has agents that are fluent in different languages to ensure complete communication with all potential clients and customers. Its marketing efforts reach far beyond South Florida: from New York to Los Angeles and Latin America to Europe.

When you are deciding to buy or sell a Condo in South Florida, the experts at The Condo Company are at your service. You can also search through their expansive database of available listings in the South Florida region. Chances are, you will find the perfect condo that meets all your criteria.

9553 Harding Avenue Suite 312

Bal Harbour, FL 33154
Business. (305) 864-6262 / (888) 266-3621

Fax. (305) 993-6446

Email. info@condocompany.com

Holiday Inn South Beach Resort / Miami, 2201 Collins Avenue, Miami Beach  

The Only Hotel on the Beach to feature the “Exclusive Complimentary Resort Services Value Package”

In 1999, the Holiday Inn South Beach Resort completed a multi-million restoration of it’s guest rooms and facilities.

The Holiday Inn South Beach Resort has stood as a significant contributor to Miami Beach reputation as a fashionable holiday retreat since 1960’s.

Blocks from the famed South Beach Art Deco District’s Ocean Drive, Miami Beach Convention Center, Miami City Ballet, Bass Museum and Lincoln Road – an open-air promenade with a wide variety of Miami’s trendy restaurants, boutiques, art galleries and home of the New World Symphony.

The 355 oceanfront resort offers well appointed accommodations; white sandy beach: a swimming pool; Jacuzzi; tennis courts; restaurants and lounge. Dedicated staff to offer “…more than justa room on the beach…”

In 1999, the Holiday Inn South Beach Resort completed a multi-million restoration of it’s guest rooms and facilities. The new look is a refined blend of art deco style furniture, in a tropical atmosphere.  In 2000, the hotel was a recipient of the Renovation Award of the Year by Six Continents Hotels as well as the Quality and Service Award.

The Holiday Inn South Beach Resort is proud to announce, the newest complement to it’s well established price/value ratio:

*The Exclusive Complimentary Resort Services Value Package

*Free covered self-parking ($15 value)

*Free beachside chairs and umbrellas ($10 daily p/person value)

*Free in room electronic safety deposit box ($3 daily value)

*Free local phone calls – 800 number access – incoming faxes

*Free Starz and Showtime movies

*Kids-Eat-Free (dining room only)

By implementing this unique complimentary resort package – instead of the Resort Fee imposed by a majority of hotels – the Holiday Inn South Beach Resort has positioned itself as the best deal in the area.

For more information or to make a reservation, please call 1-800-356-6902 or visit the Holiday Inn South Beach Resort online at www.miamisouthbeachresort.com

From Buenos Aires to South Florida, Silver Realty is beautifying the skylines

While continuing to expand, Silver Realty currently specializes in both the Aventura and the South Beach areas. 

Silver Realty, located in North Miami Beach, is truly shining here in South Florida thanks to Argentinean realtor Enrique Solteanik. And Silver Realty is prosperous because of the construction company they utilize, DSP L.L.C., which is uniquely adept at creating properties that are very appealing to the eye.  Solteanik is the C.E.O. of DSP Construction L.L.C., and he’s been developing his company in the United States since the beginning of 1998. In his hometown of Buenos Aires, where DSP began, Solteanik was involved in creating large-scale residential properties and corporate buildings.  DSP has built successful projects there such as a sophisticated Gucci store, a Sheraton hotel and various governmental buildings. Now Solteanik and his talented South American team are focusing their realty prowess on South Florida as well.

Solteanik moved his corporation to America because of the economic situation in Argentina. The move has been very successful. DSP is forging a strong presence in South Florida because the real estate has improved over the last two and half years and every indication is that it will continue to progress.  With the uncertainty of the stock market, people are investing elsewhere, and real estate is an excellent choice for many because interest rates are low right now.

While continuing to expand, Silver Realty currently specializes in both the Aventura and the South Beach areas. Locally and most recently, Silver Realty did the condominium conversion at 600 Euclid Avenue in South Beach.  Future projects include Fantasy of the Ocean, a five star condo-hotel in Sunny Isles projected to open in late 2004.  Further north in Ft. Lauderdale, the high-rise Terraces of The Isle, a.k.a. Venice of America, will be opening in early 2003.  Both these Silver Realty projects will be breathtaking and conveniently situated.

Solteanik’s support of the Republican Party earned him a nomination for the 2002 Republication Gold Medal, an award given by the National Republication Congressional Committee. 

 D S P Construction L.L.C. is located at 16375 NE 18^th Avenue, Suite 201, North Miami Beach, FL  33162. (305) 948-8650/Phone (305) 948-8665/Fax

E-mail: dspconstruction@bellsouth.net

Re/Max 

Dennis Markow and his staff are a part of the biggest selling real estate company in the U.S.  Branching out worldwide they have multi-lingual personnel who like to work with their patrons to accommodate their desires for a home or property.  This South Beach location caters to the northern part of the beach and its surrounding areas such as Coral Gables and Key Biscayne.  With the longevity of the company and its reputation Re/Max is one the most resourceful agencies to work with. Re/Max’s Miami Beach office is located at 1355 Alton Road, Miami Beach.  For more information contact 305-695-1515 or e-mail dmarkow@remax.net.

ERA Unlimited Int’l Realty 

The ERA Commitment to Service is our promise to sellers, in writing, to make every effort to sell your house. As part of the Commitment to Service ERA Members agree to:

*Prepare a good-faith estimate of your home.

*Conduct a preliminary qualification of prospective buyers.

*Assist in arranging affordable financing.

*Make a comparative study of your home.

*Offer application assistance to qualified buyers.

*Contact you regularly to report the selling progress of your home.

*Review your competitive selling position every 30 days.

*Where available, offer a one-year Home Protection Plan for ERA to the buyer of your home.

*Provide information on Seller Protection Plan coverage.

*Supply information regarding our Seller's Security Plan.

*Photograph your home for marketing and promotional use.

*Submit a photo of your home for Internet listing.

*Provide you with a national referral service to assist you in finding a home in another community while your home is being sold.

 The Commitment to Service is a complete guarantee that we will make every effort to sell your house. It is a real demonstration of our statement that ERA professionals are “Always There For You^TM”.  Learn more about our Commitment to Service and many other reasons for listing your home with ERA.

ERA Unlimited Int’l Realty

151 Sunny Isles Blvd.

Phone: 305-945-7606

Toll Free 1(888) 945-SOLD 

Seacoast 5155 

ON THE MARKET – Outstanding Millionaires’ Row location.  Seacoast 5151.  A Euro-chic luxury oceanfront resort style condominium.  With sales at a brisk pace and a low inventory, this one won’t be around long.  This fantastic two bedroom, two bath condo offers tile flooring and baths, a huge master suite, lots of closets, and three full glass wall panels with sliding doors to a forty foot balcony featuring an awesome ocean and bay view.  The maintenance is reasonable and includes all the usuals plus air-conditioning, hot water, cable and insurance.  Pets are welcome and rentals of 30 days or more are permitted.  Whether this is an investment or residence, you can’t go wrong. Priced in the $350’s. Call Ralph DeMartino. Ocean International Realty. 305-695-1105.  

TRG Realty Associates

Under new management the 16 year-old firm has a new look as well as quite a few new ideas, not to mention a new young and enthusiastic staff.    

TRG Realty Associates, a prestigious and well-established real estate company in the heart of Miami Beach has just received a facelift.  Under new management the 16 year-old firm has a new look as well as quite a few new ideas, not to mention a new young and enthusiastic staff.  

TRG Realty Associates is eager to offer our new clients, as well as the established ones, excellent customer service, offering smiles and a wonderfully positive attitude.  Our team’s goal is to provide the best customer service possible on a personal basis.

TRG Realty Associates does not sell real estate, we provide you with service in the process of selling, purchasing, financing or refinancing.

TRG Realty Associates is very conveniently located at the Triton Tower Building, 2899B Collins Ave.  Miami Beach.  305-531-8628.

For the best experience in the process of any real estate transaction, residential or commercial, contact or visit us, the friendliest staff on the Beach, TRG Realty Associates, you will be glad you did.

Look for TRG Mortgage Services, Inc., coming very soon to the area.

--Maria A. Chavez, Licensed Real Estate Broker/Licensed Mortgage Broker.     

Algebra International / GMAC Real Estate

A tradition of service to all our investors and clients. We provide committed real estate services and management with our wonderful team who speak Portuguese, Spanish, English, French, Hebrew and Russian. We are members of GMAC, a trusted name to homebuyers and sellers. 

Ph: (305) 956-5900

Fax: (305) 956-7800

17008 Collins Avenue

Sunny Isles Beach, FL  33160

E-mail: algebra@algebra.net

WEB SITE: www.algebra.net