Miami-based real estate investment firm Mattoni Group said it has acquired all the street-level retail space at 1010 Brickell, which is being developed by 13th Floor Investments and Key International Development.Mattoni Group purchased more than 11,000 square feet of space on the ground floor of the Brickell Avenue condominium tower, which will have 50 floors and 387 units. Mattoni Group said it plans to lease the spaces to major retailers, with an asking Rendering of 1010 Brickell rental rate of $100 to $150 per square foot. The property is scheduled to be completed in fall 2017.Brokers Fernando Naranjo, president of The Orange Group, Real Estate Corp. and Lucio M. Rodrigues, of AG Real Estate Advisors, represented Mattoni Group in the deal.1010 Brickell is positioned to have accessibility to the Tenth Street Metromover station on the Brickell Loop in Brickell. It is also in walking distance to Brickell’s main attractions & restaurants at The Shops at Mary Brickell Village and the future Brickell City Centre.In November, the developers obtained a $76 million syndicated construction loan, led by Regions Bank, for the project. Construction began in September for the building, designed by the Sieger Suarez Architectural Partnership.“Since Brickell is a growing metropolitan residential community,” Ricardo Caporal, founder and president of Mattoni Group, said in a statement, “the area has a high density of residents, making it a desirable location for retailers.”
Tags: 1010 Brickell, 13th Floor Investments, Key International Development, Mattoni Group– See more at: http://therealdeal.com/miami/blog/2015/02/17/miami-real-estate-firm-buys-retail-space-at-1010-brickell/#sthash.2X0Sokvq.dpuf
Tag: lease
Mattoni Group buys ground floor retail at 1010 Brickell
Miami-based real estate investment firm Mattoni Group has acquired all of the ground floor retail space at 1010 Brickell, which is being developed jointly by 13th Floor Investments and Key International Development. Mattoni’s purchase amounts to more than 11,000 square feet of space in the condominium tower which will feature 387 units over 50 floors. The company is expected to charge $100 to $150 per square foot for the retail space which it plans to lease to major retailers. 1010 Brickell is scheduled for completion in the fall of 2017.
Mattoni Group and Fortune Capital Partners Gables Prado Groundbreaking Ceremony
Mattoni Group and Fortune Capital Partners Gables Prado Groundbreaking Ceremony
by Rachel Mazanec November 25, 2014
Estate Investments Group, Mattoni Group and Fortune Capital Partners, the pioneers of luxury apartment developments in the City of West Miami, hosted a groundbreaking ceremony at Gables Prado to celebrate the commencement of construction. Numerous high ranking officials from the City of West Miami were present at the ceremony as were the project’s architect, Ms. Olenia Martin, and numerous other professionals that made Gables Prado a reality.
– See more at: http://miamiagentmagazine.com/mattoni-group-fortune-capital-partners-gables-prado-groundbreaking-ceremony/#sthash.PmNjq9uf.dpuf
Gables Prado To Rise In The City Of West Miami
On Thursday, November 20, 2014, Estate Investments Group, Mattoni Group and Fortune Capital Partners celebrated at the groundbreaking of Gables Prado, a class A luxury apartment community that is the second development of this kind to rise in the City of West Miami. The property is located just west of Coral Gables in West Miami at 950 S. Red Road. The development group is also responsible for the construction of the first luxury apartment residences to exist in the City of West Miami, known as Gables Gate Tower.
“Gables Prado is the beginning of more developments to flourish in the City of West Miami,” said Robert Suris, Principal of Estate Investments Group. “We plan to impact the community in more ways than just building apartments and look forward to continued participation of the rebirth occurring in the City of West Miami.”
Numerous high ranking officials from the City of West Miami were present at the ceremony as were the project’s architect, Ms. Olenia Martin, and numerous other professionals that made Gables Prado a reality.
The architecturally stunning apartment building has 194 residential rental units, offering one, two and three bedroom floor plans, which will include over sized, wrap around balconies, floor-to-ceiling impact resistant windows, covered parking, and 24-hour security. The project, which is a 300,000-square-foot oasis, will offer numerous luxury amenities and services including a majestic swimming pool with cabanas and grilling stations, poolside state-of-the-art fitness center, alluring saunas, luscious raised garden reflection area, and a community recreation center. The apartments will feature 9-foot ceilings with “see through” design and high quality finishes such as porcelain tile floors and premium cabinetry. The incorporation of work/live unit designs into the project will offer residents the unique opportunity to conduct licensed business activities from their residences.
About Estate Investments Group
Robert Suris founded The Estate Companies (TEC) in 2012 as a full-service real estate group, representing the continuation of more than 30 years of real estate investment, development,construction,operation management and marketing experience in the South Florida real estate market. TEC Group focuses on the high-yielding, risk adjusted, development and investment opportunities involving land and residential projects where the principal and officers have been conducting business for over three decades. Strong ties to the community have allowed TEC to develop an unparalleled knowledge of market fundamentals, as well as develop a broad network of industry contacts to source, fund and execute new opportunities. For more information, visit: www.eigfl.com.
About Mattoni Group
Mattoni Group is a forward-thinking, vertically integrated real estate investment and management firm headquartered in Miami, with a growing portfolio of residential and commercial properties across the region. With more than two decades of combined experience in myriad aspects of the real estate industry – including property acquisition, construction, management and financial analysis – Mattoni Group brings a wealth of expertise to every project. As demonstrated by the Company’s outstanding record of successes, the organization possesses the entrepreneurial strategy, skills and resources to minimize competition maximize value and achieve desirable risk-adjusted returns on investments in any market cycle. For more information, visit: www.mattonigroup.com.
About Fortune Capital Partners
Fortune Capital Partners, Inc. (FCP) is a multifaceted, full service real estate company headquartered in Coral Gables, Florida. At its inception in 1998, the company’s operational focus was, and continues to be, on residential multifamily and condominium conversions. Over the past 15 years, FCP has acquired, leased, managed and converted over 9,000 units in South and Central Florida aggregating $1.6 billion in sales revenue. Commencing in 2001 FCP began investing its excess capital with highly qualified developers and operators in commercial, value-add and ground-up developments. Today, FCP’s investment real estate portfolio is comprised of office, hotel, retail and land held for development.
Gables Prado complex to break ground
The Gables Prado apartment complex is about to break ground in West Miami.
The project, a joint venture between Estate Investments Group, Mattoni Group and Fortune Capital Partners, will include 194 units, according to the South Florida Business Journal.
The developers paid $6 million in July for the property, located at 950 South Red Road, which is just west of Coral Gables.
The official groundbreaking will take place on Nov. 20. [South Florida Business Journal] –Christopher Cameron
http://therealdeal.com/miami/2014/11/12/gables-prado-complex-to-break-ground/Gables Prado complex to break ground
Developer to break ground on 194-unit apartment complex
The Gables Prado apartment complex is set to break ground in West Miami with 194 units on the way.
The project is a joint venture between Estate Investments Group, Mattoni Group and Fortune Capital Partners. They paid $6 million in July for the property at 950 S. Red Road, which is just west of Coral Gables.
The official groundbreaking will take place on Nov. 20 at 2 p.m. at the construction site.
Gables Prado will offer units ranging from one to three bedrooms, with some having wrap around balconies. The 300,000-square-foot building will have covered parking, a pool with cabanas and grills, a fitness center, saunas and a raised garden.
Some of the units will have a live/work design.
The same development team is also building Gables Gate Tower in West Miami.
http://www.bizjournals.com/southflorida/news/2014/11/11/developer-to-break-ground-on-194-unit-apartment.html