Soleste Club Prado Video look

Take a look inside one of our residential projects, Soleste Club Prado in West Miami offering luxury residences for rent in the heart of West Miami- minutes from Coral Gables, Coconut Grove and Downtown Miami.

With state of the art amenities and finishes, Soleste Club Prado bring you the style and conveniences of urban living while maintaining the essence of a boutique neighborhood.

Soleste Club Prado is an eight-story, mid-rise multifamily asset completed in 2016. The 196-unit community offers a mix of one-, two- and three-bedroom units. The average unit is 862 square feet. The average market rent is $2,170 ($2.52 per square foot). The property is currently 80 percent leased.

Soleste Club Prado has an expansive amenity package and caters to a wide variety of residents ranging from young professionals to families who seek an upscale lifestyle. Community features include a hotel-inspired pool with spa, sun deck, and private cabanas; outdoor kitchen and bar; resident lounge complete with cyber café, business center and demonstration kitchen; kids gaming zone; rooftop serenity garden; state-of-the art health and fitness club, high-tech cardio equipment and free weights; Fitness On Demand, yoga and spin studio; dry sauna and steam room; and controlled-access garage parking

“Soleste Club Prado is located in a community steeped in rich Miami culture and near the historic Biltmore Hotel. The dynamics of the location will appeal to investors from New York and around the globe. We are anticipating significant interest.” Robert Given, Cushman + Wakefield

For the full article and more info : www.meyer.media/2017/01/27/cushman-wakefield-selected-market-soleste-club-prado/

ZOM Florida Break Grounds on Luxury Garden Apartments in Tampa

ZOM Florida, in partnership with affiliates of The Mattoni Group and New York-based Clarion Partners, LLC on behalf of a commingled fund managed by the firm, recently broke ground on AZOLA AT MAGNOLIA PARK, a 366-unit multifamily apartment community located on Progress Boulevard near the Interstate 75/Highway 301 interchange and South Falkenburg Road. This expanding south Brandon/Riverview submarket is home to a growing number of corporate employers, such as Progressive Insurance, Spectrum (formerly Brighthouse), and USAA, which is bringing over 1200 new jobs to the area. An array of retail and entertainment venues is anchored by the nearby Westfield Brandon Mall and has attracted new merchants such as Bass Pro Shop and Top Golf.

“We are excited to partner again with Clarion Partners on a Florida project and start a new capital partner relationship with The Mattoni Group,” said Kyle Clayton, ZOM Florida’s Development Vice President. “Our project site has excellent access to retail and employment centers and is also convenient to downtown Tampa via the Selmon Crosstown Expressway. Azola will bring a new level of quality, unit features and amenities to this desirable suburban neighborhood.”

Mattoni Group’s President Ricardo Caporal added, “We are very bullish on the Tampa market. This is our second development venture here. ZOM will deliver a first class project, and we are excited to be partnering with both ZOM and Clarion Partners.”

Azola is expected to deliver first units in Q4 2017, with pre-leasing starting in late summer 2017. Construction financing was provided by the Orlando office of Synovus Bank.

http://www.prweb.com/releases/2016/12/prweb13932950.htm

Waterton Buys Apartment Community in West Miami for $57.4M

Soleste West Gables in West Miami began leasing in September 2015 and offers one-, two- and three-bedroom units with amenities including a resort-style pool with an oversized sundeck, cabanas, poolside gymnasium, community entertainment lounge and Wi-Fi hotspots throughout the property.

WEST MIAMI, FLA. — Chicago-based Waterton has purchased Soleste West Gables, a newly built, 206-unit apartment community located in West Miami. Waterton bought the asset from the development group comprising Estate Investments Group, Fortune Capital Partners and Mattoni Group for $57.4 million, or $278,000 per unit. The group’s other projects in the area include the 196-unit Soleste Club Prado, the 221-unit Soleste West Gables II, the 329-unit Soleste Alameda and the 290-unit Soleste Valentina View. Soleste West Gables began leasing in September 2015 and offers one-, two- and three-bedroom units with amenities including a resort-style pool with an oversized sundeck, cabanas, poolside gymnasium, community entertainment lounge and Wi-Fi hotspots throughout the property.

Waterton Buys Apartment Community in West Miami for $57.4M

Mattoni zeroes in on multifamily projects in West Miami

Mattoni Group, a Miami-based real estate investment firm, is planning to deliver the first of its three planned multifamily projects in West Miami, The Real Deal has learned.

Soleste West Gables, at 2101 Ludlam Road, will be opening Sept. 1, Ricardo Caporal, founder and president of Mattoni Group, told TRD.

The project will have 206 apartments, with an average of 937 square feet for each unit. Rental rates will range from $1,525 to $2,760.

Mattoni is also planning two additional multifamily buildings: Soleste Prado, which will open in the early fall of 2016; and Soleste West Gables 2, which will open in the spring or summer of 2017.

The firm is partnering with Estate Investments Group and Fortune Capital Partners for all three projects.

Soleste Prado, at 950 Southwest 57th Avenue in West Miami, will have 194 apartments, with an average of 858 square feet. Prices are not yet available, Caporal said.

Soleste West Gables 2, at 2200 Ludlam Road in West Miami, will have 200 apartments, with an average of 877 square feet. Prices for that project are also not yet available.

The architect for all three buildings is Caymart Design. Each is ground-up construction, Caporal said.

The partners bought all the sites as distressed properties, he told TRD. The properties were purchased for an average price of about $6 million each, he said.

Caporal said he expects prospective tenants of the multifamily buildings to be young professionals and working families: “People who want a great product that is near Coral Gables, but don’t want to pay that [Coral Gables] price,” he said.

Mattoni Group, a private equity firm, has focused on multifamily projects from Florida to North Carolina, and plans to invest in hotels in the Caribbean, Caporal said. The company recently launched another multifamily project in Brandon, Florida.

Early this year, Mattoni bought the ground floor retail space, totaling 11,000 square feet, at 1010 Brickell Avenue, and is planning to lease it out to as many as three tenants, with asking rents from $100 per square foot to $150 per square foot. The 50-story condominium with 387 units, under development by 13th Floor Investments and Key International, is expected to be completed in 2017.

Unlike many other real estate firms, Mattoni has not developed condominiums.

“There’s more flexibility and optionality with multifamily: you can build it, sell it, refinance it, rent it.” Even in troubled economic times, “you can lower rents but still rent it.” Caporal said. “For us, it’s more about steady growth.”

Mattoni zeroes in on multifamily project

 

Mattoni Group buys retail space at 1010 Brickell

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

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 TO RISE IN THE CITY OF WEST MIAMI

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