1. 171 oceandrive.com
I
t’s not just foreign investors fueling Miami’s comeback.
As the local real estate market faces a renaissance and
prices rise, heavyweight developers—Donald Trump in
Doral and Gil Dezer in Sunny Isles Beach—are jumping
back on the investing wagon to get a piece of the pie
before there’s nothing left. Trump plans to work his
magic (and millions) on a weathered Doral golf course
and hotel and turn it into a luxury resort. Dezer is team-
ing up with sports car maker Porsche for a one-of-a-kind
futuristic condo tower.
WHEEL-TO-DOOR SERVICE
Picture this: You pull your car into a glass box and
40 seconds later you’re parked inside your high-rise apart-
ment—no need for valet parking or having to drive up a
tedious spiral parking garage. That’s the concept behind
what may be the world’s first condominium complex with
elevators that will take residents directly to their luxurious
condoswhiletheysitintheirequallyluxuriousautomobiles.
The $560 million project in Sunny Isles Beach is part
of a collaboration between German sports car maker
Porsche Design Group and local developer Gil Dezer, a
Porsche Design Tower’s
robotic car elevator will
allow residents to keep
their wheels close.
continued on page 172
news, stars, and trends in real estate
Eminent Domain
The Porsche
Design Tower
will be
constructed
in Sunny Isles
Beach.
the height
of coolLuxury resort development
and sky-scraping sports cars
jazz up miami’s soaring real
estate scene. By Sergio N. Candido
oceandrive.com 171

2. 172 oceandrive.com
photographcourtesyofdoralgolfresort& spa(doral)
eminent domain
regular business partner of Donald Trump who
owns a number of the oceanfront properties in
the small but affluent island city.
During the 45- to 90-second high-speed ride,
the glass elevators will give residents and their
guestsbreath-takingviewsofthecityortheocean.
And if you’re worried about your car taking up
living-room space, don’t be. Units will range from
3,800to9,500squarefeetandhavelargewindows
in the living room to allow residents to keep a dot-
ing eye on their prized vehicles. The 57-story
cylindrical Porsche Design Tower will have 132
units—sellingforasmuchas$9millioneach—with
284 robotic parking spaces in total.
The structure will be built on 2.2 acres of land
on the northern side of the island, rubbing shoul-
ders with other oceanfront high-rise condos.
There’s currently no slated date for construction
to start, but the city has given the never-before-
seen project the green light to move forward.
gildezer.net; porsche-design.com
Trump takes on bankrupted
Doral Golf Resort & Spa
Real estate magnate and increasingly ubiquitous
pop-culture figure Donald Trump is about to
snatchupyetanotherdealinMiami.TheApprentice
host has agreed to buy the Doral Golf
Resort & Spa for $170 million. Although
owners hope an impending auction will
yield better offers, there is a chance none
will be made. If so, the Donald’s deal
could be completed in the first quarter of
thisyear.Builtin1962,the650-acreprop-
erty features a 693-room hotel, a pool
complex,waterslide,andfivegolfcourses,
and is famous for hosting an annual pro
golf tournament. Trump, who acquired
at least nine golf properties in the US in
the last five years, says he would spend
$150 million renovating the Doral resort
over a two-year period. 4400 NW 87th
Ave., Miami; trump.com
BrickellHouse to break
ground in mid-2012
The latest project to hit the business district is
BrickellHouse, a $170 million residential tower by
theNewgardDevelopmentGroup.It’ssettobreak
ground just off Brickell Avenue in mid-2012 and
be completed by the beginning of 2014. The
46-story building will have 374 residential units
ranging from studios to three-bedroom units, to
5,000-square-foot, ultra-posh penthouses over-
looking Biscayne Bay. All units will feature
expansive private balconies, gourmet kitchens,
and bathrooms with imported European cabine-
try. Pre-construction prices start at $200,000 and
reach into the millions for the penthouses.
The centerpieces of the development are a
rooftop sky deck and pool on the tower’s 46th
floor, as well as automated robotic parking
garages that will stack up cars, eliminating
crowded parking-garage woes. BrickellHouse
will also include street-level office, restaurant,
and retail space. Among the earliest tenants is
Meat Market steakhouse, which will debut its
first mainland eatery to complement the present
outpost on Lincoln Road. Cervera Real Estate,
1492 S. Miami Ave., Miami, 305-374-3434;
brickellhouse.com od
confessions
of a power
broker
Downtown is where to
put your money, says
Darin Feldman—a man
who knows the market.
L
ast November, more than 3 million peo-
ple tuned in to watch as broker Darin
FeldmantookRealHousewifeofAtlanta
NeNe Leakes house hunting in Miami. Just
hours after the episode aired, Feldman had
secured three new listings and was in talks for
his own reality-TV show.
Over the last 10 years, Feldman has closed
multi­million-dollardealsanywherefromNew
York City to Hong Kong. One of his special-
ties is high-end residential condos in South
Beach and downtown Miami, where he says
the market looks favorable thanks in part to
European investors and New Yorkers seeking
a summer home. Prices per square foot in
these areas, he predicts, will soon change. “I
think people are going to be in awe of what
our downtown is going to look like in five to 10
years. Miami is going to be at the center of cul-
ture and business in the state,” says Feldman,
who believes downtown condos stand to ben-
efit from the billion-dollar entertainment
complexes resort developers have planned in
the area. “Prices are going to skyrocket. You
will not be able to grab a unit at the price per
square foot that it is now.”
Feldman recommends investors get their
hands on smaller two-bedroom, two-bath-
room units in downtown and to not try to
bargaindowntheprices.“Ifyouseesomething
you like and you get to the point where you feel
you’re comfortable with the price, grab it.
Don’t think you’re going to get another 50 per-
cent off, because right behind you there’s
another person willing to buy.” The Darin
FeldmanGroup,1682JeffersonAve.,MiamiBeach,
305-672-6822; darinfeldmanrealtor.com
continued from page 171
BrickellHouse,
scheduled for
completion in
2014
Doral Golf
Resort & Spa
Darin
Feldman