Modern Furniture to Partner with Romero Britto

By Caitlin Flynn

Modani Furniture partnered with internationally renowned artist, Romero Britto to sell his one-of-a-kind artwork. Pieces are for sale at the Modani Furniture Miami Showroom as well as available online at Modani’s website under the home décor section.

Modani is currently the only furniture store in the United States selling Britto’s original pieces. This partnership will cater to both art and furniture enthusiasts creating unique touches to every home.

Modani and Britto began this new venture early November 2014, and they hope to continue this business relationship for many years to come. ”We are honored that Romero has decided to work with us and sell his fun and creative pieces of art with us,” says Nathan Cohen, Modani Furniture Owner.

Modani’s simplistic designs and Romero’s electrifying artwork provides an impeccable balance and connection for all consumers. This new venture is sure to please, and conveys Modani’s vision of beautifying every home.

Items for sale range from vibrant paintings to fascinating sculptures. From favorites like the “Garden Butterfly” sculpture to the “Close To You” painting, these pieces are currently ready to be purchased. Prices range from $800 to $2,550, and available for shipping nationwide.

CityReality 100 Hits a Record Level

By Caitlin Flynn

The New York City real estate website, CityRealty, today released its third quarter CityRealty 100 report. The CityRealty 100 is comprised of the top 100 condominium buildings in Manhattan and measures the overall performance of luxury New York City real estate market.Reflecting the strong pricing of new developments, nine new buildings have been added to The CityRealty 100.

The index tracks a continued climb in prices at the upper end of the market. The third quarter saw 228 apartment sales in the buildings included in The CityRealty 100 index, selling for an average of $2,665 per square foot, a nearly 15 percent rise in price from just last quarter and an almost 30 percent increase compared to the third quarter last year. As an investment, the buildings comprising the Index have seen a ten-year compound annual growth rate (CAGR) of 9.1 percent, achieving a higher rate of return than both the S&P500 and crude oil since 2004.

“Pricing at the top of the New York City market, as demonstrated with The CityRealty 100, is unprecedented,” said Dan Levy, President and CEO of CityRealty. “And with several new developments coming to market, pricing is likely to be pushed even further in the coming 12 to 18 months.”

New Renderings for Fendi Chaâteau Residence in Miami

By Caitlin Flynn

There are recently released renderings for FENDI Château Residences in Miami-the first FENDI-branded condominium building in the world. FENDI Château Residences is the result of collaboration between two luxury brands-developer Château Group and FENDI.

Located at 9365 Collins Avenue, FENDI Château Residences is a 12-story condominium building featuring 58 exclusive waterfront residences that deliver extraordinary and unobstructed views along with 300-linear feet of unadulterated beachfront. All of this is complemented by chic interiors and amenity spaces curated by FENDI in the same aesthetic that has made them a world-renowned fashion house for the last 90 years.

The residences and penthouses range in size from 3,300 square feet to more than 7,000 square feet, with prices from $5 million to $25 million.

FENDI Château Residences’ plush amenity areas are exquisitely designed by FENDI and decorated with FENDI Casa fixtures and fittings. The common areas include a private restaurant with a full chef’s kitchen; lounge with gourmet kitchen; library; business center; ballroom; kid’s club; private cinema; state-of-the-art fitness center overlooking the ocean; bicycle storage; multiple beachfront pools with cabanas; reflective ponds; spas and Jacuzzis; and a relaxation terrace with aromatherapy.

Residents also have access to five-star, white-glove services, including a 24-hour multi-lingual concierge staff, beachfront and poolside service and a doorman and valet.

Where the Other Half Lives

By Caitlin Flynn

It can be imagined how the other half lives, but what about where? And not just the other half, but the other half of the other half. According to Credit Suisse’s 2014 Global Wealth Report, there are 128,200 people in the world with a net worth of more than $50 million.

The number of these ultra-high-net-worth individuals is up from 98,700 this time last year. Showing that the top 0.0017994% of the world is doing incredibly well in the climate created by the global economic recovery.

As these UHNW individuals grow in numbers they are also congregating in a few select countries. Particularly they are living in the United States, which has 62,800 of these UHNW individuals (or 49% of the total number). This is by 9,500 from mid-2013.

Along with the United States, 7,600, or 6% of the global total, live in China. The UK claims 4,700, up from 1,300, which is the second highest increase from the year before.

Rounding out the highest concentration of ultra-high net worth individuals is Germany, France, Taiwan, Korea, Brazil, Canada, Hong Kong, Russia, and India. The clear extrapolation is that while the global market continues to recover millionaires and billionaires are able to grow their wealth at a quicker rate than the average person.

What You Can Get Around the World for $5 Million

Two unique properties offer beautiful outdoor livings spaces, as well as unmatched homes filled with amenities.

By Kirsten Niper and Kimberly Turner Quevedo

Acoz, Belgium

Countryside living is the theme for this 1,320-square-meter renovated stone house in Acoz, Belgium. With a possibility to create a landing strip (granted aviation authorization), and a stable with four stalls, the land alone offers much opportunity. The outdoors are complete with a garden with a pond and tennis yard. Inside, the home offers an entrance gallery with a cloak room and toilets, a living room with a chimney, office, two bedrooms, four baths, a fully equipped kitchen, 2 master suites, an indoor swimming pool, massage room, sauna, gym, playroom and a wine cellar. The home is listed for about 4 million euros ($5.177 million), by Emile Garcin Properties and also offers two service apartments, a guest apartment and garages for 13 cars.

Valle de Los Chillos, Ecuador

This compound, on 40 hectares (30 of which is an eucalyptus forest), is conveniently close to the neighboring historical city Quito and the biggest mall in Latin America, Centro Comercial San Luis. Three homes make up the compound, listed by Ralph W. Haverkate of Engel & Völkers, which includes a 500-square-meter main home, a 400-square-meter, rustic-style second home and a 120-square-meter third residence, plus an additional home for employees. A small chapel dots the property, as well as a lake, sprinkling water infrastructure and internal roads with a lighting system. Play tennis on a private tennis court or enjoy stables for 10 horses and a horse riding court on this property listed for $4.9 million.

Luxury Boston Property

By Kirsten Niper

 A direct elevator ride whisks you this luxury, three-bedroom condominium, listed for $4.350 million by Michael Harper of Coldwell Banker Residential Brokerage. The 3,625-square-foot unit is all one level and boasts enormous windows that afford views of the surrounding neighborhood. The heart of the home is the eat-in family kitchen with top-of-the-line appliances, granite countertops and plenty of storage.

The formal living and dining areas are a perfect spot to entertain guests amidst the ambiance of a dual-gas fireplace, white-oak floors and stately molding.

Get away from it all in the master bedroom suite that is large enough to accommodate a seating area. A master bath and dressing room are custom-made for the suite.  Juliet balconies provide outdoor space for the two guest suites, which also have private, full baths. Completed with the finest craftsmanship, this condo also includes two garage parking spaces and concierge service.

On Location: Las Rosadas

By Christine Aebischer

My first morning at Las Rosadas, I enjoyed sweet pineapple and papaya and fresh coconut water (from the property’s own coconuts) as I looked out on breathtaking vistas of Chamela Bay. The site’s first completed residence, Paloma Blanca, is nestled in the verdant hills of Mexico and enjoys sweeping views of the sparkling Pacific waters and the bay’s multiple islands. These sights, coupled with the soothing sounds of rolling waves, rustling trees and the songs of various birds that inhabit the area, provide the quintessential paradise setting.

Las Rosadas, the 420-acre, privately owned emerging residential community on the coast of Chamela Bay in Jalisco, Mexico, offers a unique opportunity to reside in an authentic, unspoiled location devoid of the crowds of the typical tourist destinations. As I walked the property’s 1.25 acres of sandy beachfront, I felt as if I had been transported to another world. Las Rosadas features three swimmable beaches – ideal for surfing, paddle boarding, kayaking, snorkeling and scuba diving.

A key component in the development of Las Rosadas is environmental stewardship; more than two-thirds of the property will be left untouched and open as a protected natural preserve. Just 32 homesites will be available for purchase to build single-family homes – no hotels or condominiums will be allowed – so that the majority of the land remains untouched and a natural sanctuary for the area’s wildlife.

Las Rosadas neighbors the 30,000-acre Chamela-Cuixmala Biosphere Reserve and is framed by the Chamela Bay Island Sanctuary. The area is home to hundreds of species of flora and fauna, has a recognized sea turtle sanctuary, maintains a nursery to raise local plants and trees and has set aside a protected space for the threatened iguanas of Western Mexico. Hiking and biking trails throughout these lush hills will allow residents to enjoy the diverse wildlife.

A tour of the property’s homesites revealed spectacular views, each changing slightly depending on the location of the property, but never ceasing to amaze me. Las Rosadas’ first product offerings include two blufftop lots, ranging in size from two to three acres and priced from $4.75 million to $7.95 million, that offer ideal settings on which to build distinctive retreats. Paloma Blanca, the 12,271-square-foot villa, is also for sale for $10.75 million and features six bedrooms, eight baths, authentic architecture, a saltwater infinity pool, easy access to the beach and, of course, incredible views of the bay.

While Las Rosadas feels worlds away, it is also close enough to popular cities for dining, shopping and other activities. However, exceptional on-site amenities and concierge-style services, including transportation, housekeeping, maintenance, shopping and dining may have residents finding no reason to leave the property.

Luxury Condominium, 345 Carroll Street, Is 40 Percent Sold

By Caitlin Flynn

Real estate development company Sterling Equities, along with Westbrook Partners, announces that the new luxury condominium building 345 Carroll Street, located in Brooklyn’s historic Carroll Gardens neighborhood, is 40 percent sold just two months after its sales launch.

“345 Carroll Street has clearly resonated with buyers. Both the local community and those looking to move from Manhattan to Brooklyn have found 345 Carroll Street the ideal place to call home,” said Gregory Katz, a partner at Sterling Equities. “Some of the units in contract are breaking neighborhood records at more than $1,500 per square foot. We anticipate this strong activity to continue.”

Located between Hoyt and Bond Streets, 345 Carroll Street is comprised of 32 unique custom-crafted homes, 18 of which have private outdoor spaces. Designed by award-winning architects Gluck+, the building is comprised of a mix of two- to four-bedroom apartments, including garden duplex homes and multi-story penthouses.

The residences range in size from 1,200 square feet to just under 3,000 square feet, and are priced starting at $1.65 million up to nearly $4 million for the penthouses. Nearly every apartment layout is unique.

345 Carroll Street introduces a rare full-service building to the neighborhood. Its extensive amenities include a doorman, superintendent and porter services, fitness center, a children’s playroom, roof terrace, pet grooming station, bicycle storage and a 5,300-square-foot landscaped garden with a bocce court and vegetable garden.

Other residence features include oversized windows, radiant floor heating in the master bathrooms, fireplaces in select units and more. Storage space and private parking is also available for purchase, complete with electric car charging stations.

Sales At Mountainside Northstar Top $40 Million

By Caitlin Flynn

Mountainside Northstar, the exclusive residential on-mountain community, completes a strong sales season as one of the most successful Lake Tahoe offerings. The developer reports Mountainside sales this year of more than $40 million and a total of $155 million to date.

New amenities introduced, such as the Tree House, the stunning clubhouse for Mountainside residents, and hiking and ski trails from every neighborhood leading to The Ritz-Carlton, Lake Tahoe, have contributed to the brisk sales pace. Current inventory is low in this sought-after community, Lake Tahoe’s true ski-in, ski-out on-mountain community, with premier home sites and move-in-ready townhomes available in time for this ski season.

Mountainside’s Trailside Townhomes have sold out and are already being enjoyed. Home Run Townhomes (all Gold LEED Certified), with its newly completed neighborhood park, has just three remaining homes available, all ready for immediate occupancy. Construction has begun on custom homes at Martis 25, a one-of-a-kind neighborhood of 25 ski-in, ski-out home sites offering spectacular views of the nearby Sierra Nevada Mountains including Castle Peak and the Carson Range.

“We continue to see strong sales at Mountainside, and in the Tahoe region in general. This trajectory started in 2013 and shows continued momentum,” says Jim Telling, Mountainside’s developer.

“At Mountainside we are uniquely positioned with a fantastic on-mountain location and incredible neighborhood facilities like the new Tree House clubhouse, and hiking and ski trails connecting everything.  Following on the success of our current projects, we will be launching the Stellar Collection, prior to Christmas, consisting of 11 three-bedroom townhomes and six single-family residences.”

New NYC High Line Park Building Nearly Sold Out

By Kimberly Turner Quevedo

Along New York City’s The High Line, a 1.45-mile-long linear park built on a section of the New York Central Railroad line, 508 West 24th Street is nearly sold out, with only two penthouses remaining. The residential condominium building’s Penthouse North recently went into contract.

“Penthouse North being sold within the first week of launching our penthouse collection is a great affirmation that buyers want timeless design that never goes out of style,” said Architect and Developer Cary Tamarkin, founder of Tamarkin Co. who is working with along with Stribling Marketing Associates “Once people experience the space, they get it; great design feels good.”

Penthouse North includes three bedrooms, two and one half baths, 3,263 of interior square feet and 1,111 square feet of outdoor space.

Penthouse A (offered for $12.5 million), is one of the last remaining residences. It has three bedrooms, three and one half baths and more than 3,318 square feet. The main level features an eat-in kitchen, open living and dining room with a wood-burning fireplace, master suite with an adjacent terrace and two additional bedrooms. The private roof terrace is 1,900 square feet and features multiple entertaining spaces with panoramic Midtown, Downtown and river views.

The second remaining home left is Penthouse South (offered for $10.5 million), which features three bedrooms, three and one half baths and nearly 3,020 of interior square feet, plus an additional 600 square feet of private outdoor space. In addition, there is a grand corner living and dining room with a wood-burning fireplace, walnut and marble kitchen and a wraparound terrace, also with open city views of Midtown, Lower Manhattan and the High Line.

All residences within the Penthouse Collection include the signature design element from Tamarkin, oversized casement ribbon windows.

“The two remaining penthouses are the ideal residences for sophisticated buyers who appreciate the quality and uniqueness of design for which Tamarkin has received critical acclaim,” said Cathy Taub of Stribling Marketing Associates.

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